Larry Kudlow (April 7, 2008): The Therapeutic Power of Recessions: "Let’s also remember that recessions are therapeutic. They’re even necessary to create the foundations for the next recovery. Economic excesses always occur in free-market capitalist economies, and from time to time they must be cleansed. Just think about the excessive risk-speculation, leverage, and housing prices of the current episode. If anything, recessions make for clean starts...


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