The Great Recession of August 5, 2024 (with Justin Wolfers)
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Economic Resilience and Recession Misconceptions
This chapter analyzes the ongoing debate about the possibility of a recession, contrasting past predictions with the resilience shown by the economy in recent years. It cautions against sensationalist media narratives that can lead to self-fulfilling prophecies and emphasizes the importance of fostering a more optimistic outlook in economic discourse. The chapter also explores the relationship between political events and market reactions, urging a skeptical approach to predictions surrounding market crashes linked to elections.
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