Tuesday, November 3, 2009

How to recover from a stall

If I'm going to republish disheartening charts I should give equal time to the heartening ones, like this one from Paul Krugman comparing world industrial production during the Great Depression and the recent Great Recession:


As any pilot knows, you recover from a stall by pushing forward on the stick, not pulling back, counterintuitive as that may be. Glad we've figured that out.

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