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> Because the actual data is sending mixed signals. People equate recessions with job losses, but job growth is still high and unemployment remains incredibly l
by anamax 4y ago
> Because the actual data is sending mixed signals. People equate recessions with job losses, but job growth is still high and unemployment remains incredibly low.
The definition of "recession" doesn't depend on what other things people think happen during a recession.
No one would be making this argument if it had happened while Trump was in office.
- dragonwriter 4y ago> The definition of "recession" doesn't depend on what other things people think happen during a recession. It absolutely does depend on the factors that NBER has always looked at to judge recessions, like employment. > No one would be making this argument if it had happened while Trump was in office. That's a nonfalsifiable statement that does nothing but show your own political bias.
- knewter 4y agoIt's nonfalsifiable but not for the reason you think :)
- anamax 4y ago> That's a nonfalsifiable statement that does nothing but show your own political bias. It's political bias to notice that people behave politically? Is it political bias to notice Republicans complain about the deficit when Democrats are in power or is it only political bias to notice that that Democrats complain about the deficit when Republicans are in power ?