G.C. Droplets October 1982 -The Blessings We Receive As We Meet the Challenges of Economic Stress

Economists seem to have a hard time deciding when we are in a depression or a recession. One person said you can tell it this way: "A recession: a period in which you tighten your belt, a depression: a time in which you have no belt to tighten." -James E Faust (quoting Braude Speaker)