FM Economics: recession yes, end of the world, no
An article written by Dr Derek Roger for HRINZ HumanResources magazine, February/March 2009.
Frequency-modulated (FM) radio cuts off the peaks and troughs of the signal. Much of the interference is in the peaks and troughs, so reception improves. Economosts have devoted a great deal of effort in recent decades applying the same principle to economies, with the aim of avoiding the extremes of ‘boom and bust’ at the top and bottom of the economic cycle. The strategy has so far been fairly successful, but FM economics has not removed the ups and downs altogether. Indeed, it couldn’t: the economy is cyclic, and what goes around comes around again.
To download the complete article click here. FM Economics Article
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