What is business cycle theory?

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2026-05-05 09:15:45 -

The Quiet Logic Behind Economic Turbulence There is a peculiar regularity to economic disorder. Booms feel euphoric, busts feel catastrophic, yet—seen from a distance—they trace patterns that are almost unsettling in their familiarity. The same sequence repeats: expansion, overheating, contraction, recovery. It is tempting to interpret these swings as failures of foresight or...

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