How to Prevent a Recession

In a low leverage system, high commodity prices can result in recessionary conditions. When the pendemic hit in 20 20, governments printed trillions of dollars. But historians were not really governments did so because they were so financially and socially leveraged that they couldn't just take a shock and move on. Similarly, the system is not well prepared for commodity shocks, either shortages or price spikes. The only thing, in some ways, that we can do in these moments is look to history, cold comfort for people living in the present. Hey breakdown listeners, come join coin desks consensus 20 22, the festival for the centralized world.

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