When Do We Start Calling This "The Greater Depression"?
We started by calling it the financial crisis of 2007. Then it became the financial crisis of 2008. Next it was the downturn of 2009-2009. By the middle of 2009 it was clearly the biggest thing since the 1930s, and acquired the name of "The Great Recession". By the end of 2009 the business cycle trough had been passed, and people breathed a sigh of relief: "The Great Recession" would be its stable name--we would not have to change its name again, and move on to labels containing the D-word. READ MOAR at Project Syndicate READ MOAR at Equitable Growth: