Recession, reschmession, who’s got the depression?

Posted on Feb 08, 2008 by in Letters

As Leona Helmsley said it's just the little people who pay taxes -- and suffer in a "recession". You will remember Keynes' definition of a recession. It's when your neighbor has lost his job. It's a depression when you lose yours. (It wasn't really Keynes. Just couldn't remember who said it -- actually it was Jeb Bush.)

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