Reply #13: Terminology:"crisis" [View All]

[oscar111]

crisis was the 1800"s term for contraction, recess, depress.

All these milder terms were introduced to paper over the reality of the phenomenon. View it from the alley-resident's eyes and you will see it in its truest form. Crisis. "contraction" is an armchair economist's term , one used by a person with secure income for rent and meals, plus plenty to spare. Seems most economists have a postage stamp sized area of good logic in their brains, and the rest, which handles values such as compassion, is primitive cellular mess.