Shownotes
Summary:
Regardless of how the government arbitrarily defines “recession,” it is still a fact that the economy as a whole is producing less goods and services. That it is creating more jobs to produce less product is not a good thing.
Additional Reading:
The General Theory of Employment, Interest, and Money (Keynes)
Economic Sophisms and “What Is Seen and What Is Not Seen” (Bastiat)
The Politically Incorrect Guide to Economics
Free Gift from Tom:
Download a free copy of Tom's new e-book, It’s the Fed, Stupid, at itsthefedstupid.com.
It’s also available in paperback here.
It’s priced at a pre-hyperinflation level so grab a few copies for friends if you can.
It makes a great introduction to the government’s most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike.
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