Quote:
Originally Posted by jwb
when was the last good recession we had?
I'm not saying that you're technically wrong but it sounds like hopium to me.
Like I'm not saying a bad recession is going to happen Im just going off what articles are saying. But I'm saying if they're is then I expect Biden to lose more likely than not.
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The last good one meaning effective one? That depends on your morals I guess, they're all "good" in that they end bad practices e.g. Housing speculation in 2008. You could also say Paul Volker's insane increase on interest rates in 1979 drove inflation way down. That's a major one. Savings & Loan Crisis in the late 80's was minor, and the dotcom bust in the late 90s didn't seem catastrophic (unless you were working for pets.com)
Hopefully that gives you an answer, but I'd need to know what you mean by "good recession."