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The Recession Is Now

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The Recession Is Now
President Joe Biden delivers remarks on the first anniversary of the Inflation Reduction Act in the East Room at the White House in Washington on Aug. 16, 2023. Win McNamee/Getty Images
Jeffrey A. Tucker
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Commentary

Every recession since World War II has been marked by a systematically declining revenue stream to Washington. We don’t mean a decline in the rate of increase. We mean an actually falling rate of revenue. There’s an identity here. It’s close to infallible.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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