The Impending Recession Joke

Unlike what is practiced in mainstream economics, thinking is allowed in Fantasy Free Economics. Oh my God, is a recession coming? Expect soft landing and such. No recession yet, just look at GDP.  Here are some typical recent headlines.

ECONOMY SURGED IN THIRD QUARTER
RECESSION WARNINGS ABOUND
A RECESSION IS STILL LIKELY. HERE ARE 6 REASONS WHY

 

Now, folks, for sure, don’t look at any evidence showing up in everyday life. Certainly, don’t take any precautions on a personal level. Be prudent, wait until an expert advises you that yes, the economy has entered a recession. Pay heed to the experts who have the economy so far. They have done a stellar job up to this point, right? Why stop believing in them now ? By all means, don’t believe your lying eyes.

One modern aspect of central planning is that of managing public opinion. It is not good if people reason that hard times are coming. They might stop spending out of self-protection.  Surely, that would actually cause a recession. That kind of behavior is only allowed in a free market economy.

Wait until the experts tell you we are in a recession. In a centrally-planned economy , citizens – especially the patriots, joyfully fall on a sword for their country.

About GDP, if GDP is increasing, it is because there may be buying where wealth is concentrated, not from in the ranks of those being told to eat cake. All government statistics are manicured to look as good as possible. Genuine GDP is shrinking about as fast as your personal resources are diminishing. That is as long as you still have any resources left to be diminished.

 

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