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Tag: The economic three leg stool

The Three Legged Stool.

The Three Legged Stool.

This entry is part 9 of 17 in the series USA 2008 Recession

Our economy is a very large and can be sort of understood if it is viewed as a three leg stool. Businesses spending, personal buying and government program spending are the three legs. If any one leg gets short, meaning, problematic, one or two other legs should make up the difference. This last recession saw two legs fail. Business spending and personal spending sank to such deep levels that we experienced a significant recession. To keep the economy running government…

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