2min chapter

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SUMMER SCHOOL 7: The Fed & Volcker's Socks

Planet Money

CHAPTER

The Recession Is Here

The recession is here. The only disagreement among economic experts now is over how bad it'll be. After selling of recession, industrial production was down again last month. Last month's drop was the largest in five years. When you have a recession, there isn't one person you can be angry at. This time there is Paul Volker.

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