About that 2022 “Recession”

One of the worst depressions in American history began in mid-1937. At the time, Keynesian ideas were becoming increasingly prominent and many Keynesians blamed fiscal austerity. In fact, there wasn’t all that much fiscal austerity in 1937, certainly not enough to cause a major depression: Between 2020 and 2022 we had roughly twice as much … Continue reading About that 2022 “Recession”