Friday , 21 September 2018


Tag Archives: austerity

The Fiscal Cliff: The Choice is Not "Recession or No Recession" but "Recession Now or Recession Later"! Here's Why

The warnings that the fiscal cliff will cause a recession are delivered as if the government can decide whether or not we have a recession. In fact, the government does not have that power, or we would never have recessions. At the most, the government can influence when, not if, we have a recession. We will most likely undergo a recession when we wean ourselves off the unsustainable deficit spending of the last four years. The choice is not recession or no recession. The choice is recession now or recession later. [Let me explain.] Words: 542

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