LONG-TERM ECONOMIC CYCLE THEORY: An Update

Fluctuations in the American economy occur with uncanny regularity.

These fluctuations or trends revolve around either and (i) ascending, (ii) plateau, or (iii) descending phase of a long-term economic cycle of abundant prosperity, stagnation, or decline leading to a severe economic depression.

The complete economic cycle lasts from about 50 to 60 years.  A new cycle then begins.  In other words, a major economic depression occurs about every 50 years as a national an normal part of the self-correcting process of a so-called "free enterprise" economy.

Even the Bible makes reference to 50-year Jubilees where all debts were forgiven.  Could it be that long-term economic cycles have always existed? [see, WWW.CHARLESJEROMEWARE.COM]