• Another thing that ultimately catches up with long-lived governments is the economic cycle.

    ECONOMIST: Bagehot

  • Better, surely, to plough on with trying to rebalance the economy away from its dependence on a boom-bust consumer-spending cycle and towards investment and exports (however long and arduous that economic reconstruction may turn out to be).

    BBC: Should the Treasury take housing risk?

  • The wartime cycle usually begins after a long period of commodity price deflation accompanied by an economic depression.

    FORBES: Connect

  • But after any long economic boom there is always the danger that people get carried away, believing erroneously that the economic cycle has been banished.

    ECONOMIST: The Australian economy

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