Originally Posted By: Derid
And I would look to the Recession of 1920-21 and quick recovery thereafter for your example.


Quick? QUICK?! That was monetary crisis where pre-FIAT monetary system with lack of liquidity couldn't cope with labor explosion due to returning troops. At no point it was a recession with lost growth, lost jobs and so on.

facepalm

It went into Roaring 20s, then in turn caused Great Depression. That wasn't quick. Austerity dragged it on and on, probably would have lasted into 50s if not for WW2 and New Deal.


Last edited by sini; 03/13/13 09:47 AM.
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