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Podcast: Townhall Review | Commentaries
Episode: Jerry Bowyer: Recession Is Not the Answer to Inflation
Description: The markets appear to be pricing in a recession in America. In fact, recent data suggest that we may have already entered it. But this recession was avoidable. It was, in baseball parlance, “an unforced error.” You see, a distorted economic theory called Keynesianism teaches that inflation is caused by too much growth and so the solution to inflation is … recession! It might be an official recession, half a year of negative growth or it could be what's called a growth recession in which growth remains positive but sluggishly low. The problem is that when inflati...