Recession or Not?

If “It’s the economy, stupid” holds sway, Mr. Trump may well still be our president in 2021.
Recession or Not?
Traders work during the opening bell at the New York Stock Exchange (NYSE) at Wall Street in New York, N.Y., on Nov. 4, 2019. Johannes Eisele/AFP via Getty Images
Walter Block
Updated:

Economists predict the future course of economic events only to demonstrate they have a sense of humor. If we knew about such things with any degree of certainty, we would not be the billionaires Bernie wants to eradicate; we would be trillionaires.

We are not. By the way, did you notice that while Senator Sanders used to inveigh against “millionaires and billionaires,” he has recently dropped his criticism of the former maybe because he recently joined their ranks.

Walter Block
Walter Block
Author
Walter E. Block is Harold E. Wirth Endowed Chair and Professor of Economics, College of Business, at Loyola University New Orleans.
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