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What Will Cause The Next Recession - Justin Wolfers Says Trump Is Biggest Risk
Posted
February 25, 2019
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8:55Now PlayingEconomics and public policy professor at University of Michigan Justin Wolfers says he’s optimistic about the U.S. economy because “recessions don’t die of old age, they’re murdered.” However, he is worried “that a small adverse shock could turn into something more calamitous with policy mistakes coming out of the White House.” He also explains how GDP doesn’t take into account things like the distribution of wealth, crime, domestic work that isn’t paid for, or environmental consequences, among other things. While rich countries exhibit more happiness, economic growth is just one component of a broader platter of attributes that successful countries demonstrate.
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What Will Cause The Next Recession - Justin Wolfers Says Trump
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