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Gloom and Doom?

Like a lot of people and businesses over the last year my net worth has diminished significantly.  The economic downturn that has led to this situation, while a recession, is not as bad as some of the reports suggest.  A counter to the popular 'gloom and doom' can be found in Steven Chapman's report of a talk by University of Chicago Economist John Huizinga.  While I agree with Chapman that the situation is not as bad as some claim;  further government intervention may make the economy worse than expected. 

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