31 Quotes by Edgar Fiedler

Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.

Expansions do not die of old age. The probability of recession in the following year is the same for a three-year-old expansion as it is for a five- or six-year-old expansion.

At some risk of oversimplification, I suggest that the usual reason a business cycle turns into a monster is an overdose of government policy.

We're not very good at forecasting, and we don't know how to measure the impact of economic policy.