New Plan to Avoid Recessions Forever: Just Redefine the Word

The Heresy Financial Podcast - A podcast by Joseph Brown

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It seems as if the current administration thinks that our nation can avoid a recession permanently if we continue to change the definition of what a recession is. In light of the fact that over the last few days, there's been a lot of attention on the fact that the Biden administration has changed the way it defines recession, including in this recent post from the White House. We have seen fact checkers come out of the woods in order to verify whether the White House is trying to change the definition, or not. So, in this video we're going to fact check the fact checkers about the word recession, what it means, what it doesn't mean, and the actual state of the economy.