As Fed staffers no longer predict an impending recession, economists on social media are all assuring themselves that Americans are in store for a “soft landing.” Mises Fellow Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008.
Robert Lucas’ Nobel Prize Winning Lecture: https://Mises.org/HAP407a
Bob’s Eerie Article from 2007 on the Recession: https://Mises.org/HAP407b
‘Bernanke Was Wrong’ Compilation: https://Mises.org/HAP407c
‘Peter Schiff Was Right’ Compilation: https://Mises.org/HAP407d
Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: https://Mises.org/Nashville23
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Chapters
00:00 Against Our Limitless Regime
01:00 Introduction
01:34 Forecasters No Longer Predict Impending Recession
03:33 The Phillips Curve and Predicting Recessions
13:07 Empirical Evidence Shows a Recession Is Coming
21:45 How COVID Pushed the Recession Down the Road
28:03 Why Fed Economists Are Not Honest
35:08 Austrian Economists Predicting Recessions
43:48 Mechanics of the 2008 Crash
47:48 The Current Recession Warning Signs
55:06 Conclusion: Is a Recession Coming?
