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Economics Explained

Do We Actually Need Recessions?

01 Feb 2023

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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

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