Do We Actually Need Recessions?

Most people would agree that recessions are terrible things, they cause widespread fear among people that will be anxious about their savings, their livelihood, or even their next meal. On a nationwide level, economic downturns are events akin to natural disasters, they do massive damage and for the most part are widely accepted by society as an “inevitability”, rather than a “rarity” … But do we really need recessions? Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

On Economics Explained, we take a look at interesting countries, policies, and decisions from the point of view of an economist. The world is an interesting place and we hope to uncover some of this intrigue in our short, informative podcasts.