Predictions are hard, especially about the future.
Do you know how long we’ve been in a recession for since the end of the Great Financial Crisis?
Two months.
In 15 years, the U.S. economy has been in a recession for just two months!
That’s roughly 1% of the time, meaning that since July 2009, the United States has avoided a recession 99% of the time.
Ahhh!, probably same set of unknowns as are causing GCC that is not caused by burning hydrocarbons…
d fb
We have the economic tools and knowledge to avoid recessions and promote constant, inflation-free growth if we choose to do so. The only problem is that the bipartisan culture of corruption in Washington makes bank under the current system and won’t change it to favor workers.
intercst
I live for the day we get something that favors workers before something catastrophic happens. *Emphasizing on before, as on occasions in the past it would come as a result of various tragedies, so “after”. You may say I’m a dreamer indeed.
Democracies by their nature are reactive, not proactive. There is not a significant constituency to fix a problem that doesn’t either yet exist or is otherwise not well defined or well known.
See Social security, climate change, the Great Recession, Airport security pre 9/11, etc.
Well, I can think of a current example of a non-existent problem that has a large number of people baying for it to be “solved”.
Steve…still waiting on the immigration records report from DHS
SS is a bad example because the US economy will expand at a faster clip. The middle class will be growing from here. More people will be paying taxes.