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Add comment on:The State Should Rescue the Market Economy
A balance recession is more than a temporary slump of the economy. During a balance recession, private economic actors try to reduce their debts. Debts are minimized instead of businesses taking credits to finance production and maximize profits. The cheap money seeps out on the financial markets. The labor market does not function like other markets. Falling wages did not lead to more employment - as claimed for decades.
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