Friday, April 11, 2025

With Half The Econ Commentariat Chattering About Recession, A Primer

Via MarketWatch, Oct. 21, 2014:

Explaining recessions via interpretive dance

This is informative, if unusual, viewing: the causes of recession as explained through interpretive dance.
Economic historian John Steele Gordon narrates the discussion. It’s a good explanation, albeit low on details of what caused the last recession, namely the spread of toxic mortgages and the ensuing crumpling of the financial system....

I was a bit disappointed when I realized we wouldn't be watching Krugman and Mankiw and Nordhaus and the rest of the troupe but it sort of grows on you.