The answer to the economic contradiction is politics. Nonetheless, he says, "recessions are inevitable." He agrees with "the MMTers" that governments have huge spending power when they need it to stimulate the economy into activity. Relatively few adults have multiple experiences of a #recession of /Oc6QPrtoKm- to be of two minds on the issue. In China, despite a new exchange of explosive remarks with Trump in their escalating trade war, experts have said keeping recession at bay is essential to maintain the autocratic regime's grip on power.īut even if it works, can we keep doing it time after time? However we are managing it, a recent graphic from the Washington Post shared on Twitter showed the frequency of recessions in decline, though that was the not the accompanying article's intent. On Friday, there were reports the ECB was about to pour on more stimulus. The European Central Bank and China seem to be on the same page, mostly in fear of the political fallout once the music stops. While most economists accept that periodic recessions are inevitable - some even think they are useful - Trump is fervent in his determination to stop recession in its tracks and keep the economy just right. In business, Goldilocks has become the symbol of the just-right economy. Maybe he can fulfil his destiny, if not as the chosen one as he stated last week, but by channelling Goldilocks, famous for her interaction with the three bears.įor those few of you unfamiliar with the children's story antihero named for her hair colour, she was the one who, stumbling into the bears' cottage when they are out for a walk, avoids extremes and chooses to take the bears' chair, porridge and bed that are "just right." President Donald Trump says he wants to do everything he can to avoid one. While so many of us are holding our collective breath waiting for the next recession, U.S.
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