U.S. Inventories And Retail Sales - We're Not Seeing A Pre-Recessionary Build Up

No one's information about the economy is perfect - this is rather the problem with a fully planned one as Hayek pointed out. Therefore people make all sorts of mistakes while they're waiting for the correct information to reach them.In our market economy one of those is that on the cusp of a recession manufacturers, producers, don't actually know that one is arriving. In theory it's actually impossible to predict a recession, we just have to do the best we can.
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