4 Big Questions About the Economy

Four big questions about the economy I’ve been pondering: Why don’t we have recessions anymore? The National Bureau of Economic Research has historical data on U.S. expansions and contractions going back to the 1850s: Is 19th century data as reliable as today’s? Probably not but it’s obvious that recessions are fewer and far between than they used to be.1 It feels strange that we’ve had jus...