National Opinions

September 10, 2011 6:45 PM

Should the nation worry about a second recession? This time, it's different

A few years ago, Kenneth Rogoff and Carmen M. Reinhart wrote the definitive guide to the current economic downturn, a book called "This Time Is Different." They studied data from eight centuries of financial crises, and found that banking-crisis recessions are worse than normal recessions. They last longer.

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