8537
VIP Member
What it went into was a second depression.
3 quarters of economic decline is not a depression, especially in light of the near-record growth that followed.
Contrary to the beliefs of the Innsbruck Elitisti club, the government doesn't "scoop water out of the deep end and pour it into the shallow end". What "they" like to forget is that simple random platitudes about water depth don't actually explain economic activity.Contrary to the belief of Keynesian economic alchemists, scooping water out of the deep end of the pool and pouring it into the shallow end doesn't make the shallow end any deeper.