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Recession and Recovery: Six Fundamental Errors of the Current Orthodoxy
By Robert Higgs
This article appeared in the Winter 2010 issue of The Independent Review

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Abstract
Almost everything that politicians and pundits have said about the economic recession has been false. The six worst mistakes, promulgated widely since Paul Samuelson’s best-selling textbook Economics first appeared in 1948, pertain to aggregation, relative prices, the rate of interest, capital and its structure, malinvestments and money pumping, and regime uncertainty.

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