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(National Review)   Confused about whether the economy is doing great or badly? Just remember: We are in a Schumpeterian expansion with legs   ( divider line
    More: Strange  
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278 clicks; posted to Politics » on 25 Jul 2006 at 12:24 PM (16 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

10 Comments     (+0 »)
2006-07-25 12:27:44 PM  
anyone care to translate?
2006-07-25 12:30:13 PM  
Does that mean the cat is dead?
2006-07-25 12:32:26 PM  
Thanks for clearing that up Smitty!
2006-07-25 12:54:47 PM  
I love how the top 0.1% can scream from the mountaintop about how the economy is great...JUST LOOK AT THE NUMBERS IT'S GREAT!!
2006-07-25 12:56:36 PM  
Huh... too esoteric for wikipedia, even. Yet, Tranzor Z has a comprehensive article. Go figure.
2006-07-25 1:17:02 PM  
Does that mean the cat is dead?

And we have a winner.

Or not.

There's a 50/50 chance, really.
2006-07-25 1:21:45 PM  
"Schumpeterian expansion with legs" sounds icky. Probably carries thousands of diseases.
2006-07-25 1:29:43 PM  
"Schumpeterian expansion with legs" sounds like something you need to practice kegels for a year before even attempting.
2006-07-25 1:36:16 PM  
If only the economy was in a Struwwelpeterian expansion with fingernails, then we'd really have something to talk about.

[image from too old to be available]
2006-07-25 8:22:10 PM  
Joseph Schumpeter - Basically, he "discovered" that after a super mega ultra investment orgy, things fall down, get destroyed, and that frees up wealth to be used more efficienty for the next oncoming super mega ultra investment orgy. Just another "business cycle" theory guy...but with incredibily boring, boring...and long, long books.

The article didn't make any mention of the re-introduction of the 30-year Treasury....a fault in my opinion. I don't know how the re-introduction will play out, but I am surprised that the topic was omitted. You can't have a decent Fed talk without talking about long US Treasuries.
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