When will the next recession hit?

I highly recommend this book,( I do not get anything from the sales of this book, unfortunately, I found a copy on ebay for 6 dollars) it is a very readable primer on Austrian Economics. It explains what happened in 2008 and what should have been done to allow the economy to recover.

The USG called July 2009 as the end to the last recession. If you believe that then good luck with your beach front property in Arizona. But what is true is that recessions and economies run in cycles, so we are due a recession anytime. If it ended in 2009 then the cycle is about 7 years so we are overdue. But the Austrians say booms and Busts are not natural. I was skeptical till I read this book.

What is also true is that Trump is not typical and has done many heterodox things that are right out of the Austrians playbook, deregulation, lower taxes, allowing natural demand to stimulate rather than government intervention, and the list goes on. But how does trump keep the economy humming and not suffer a recession/depression?

In truth he can't they happen for a slew of reasons and the US economy isn't in a vacuum so the rest of the planet goes into recession so will we, but if Trump is a closeted Austrian I hope he follows Coolidge and Hardings response to the DEPRESSION of 1920. See pages 250 to 254, aren't I a tease.

#Economy #trump