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Ep. 245 Cutting Larry Summers Some Slack on His Labor Market Remarks

Bob Murphy Show

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The Problem With a Recession

When somers came out and said that, a lot of people on the right absolutely flipped out. But i think it's possibly a bit unfair to somer in this case. The problem with a recession isn't that there's inadequate demand. You just need spending to be enough. If we could just get people to spend idon't even care what they spend it on, if theyd just enough, the government paid people to dig holes and paid other people to fill em back up. Then that's all you need.

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