Mises.org economist and senior editor Ryan McMaken joins Jeff and Bob for a hard look at the economic reality Americans face today.
Shostak on the true definition of a recession: https://Mises.org/HAP349-Shostak
Bob’s article in the QJAE: https://Mises.org/HAP349-Murphy
00:00 Introduction
00:34 Are We in a Recession?
07:05 Low Unemployment Numbers
09:35 The Austrian Definition of Recession
16:01 Money Supply Growth
29:18 True Money Supply
33:01 GDP vs. Economic Health
41:19 How Bad Will it Be?