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Big economic discovery! Booms may really be the cause of busts

Thursday, June 25, 2015 - 05:50

DO economic booms cause economic busts?

To a lot of people, this seems like a silly question to even ask. Of course booms cause busts, they say. Excessive greed or optimism or easy credit leads to overinvestment, soaring asset prices and unsustainable borrowing binges. What goes up must

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