Source: CounterPunch
by Dean Baker
“Past recessions have been the result of policy errors or disasters. The most typical policy error is when the Federal Reserve Board raises interest rates too much to counter inflation. That was clearly the story in the 1974-75 recession, as well as the 1980-82 double-dip recession. Then we have recessions caused by collapsing financial bubbles, the 2001 recession following the collapse of the stock bubble, and the 2008-09 recession following the collapse of the housing bubble. And of course, we had the 2020 recession because of the COVID-19 pandemic. But now Donald Trump is threatening us with a recession — not because of something that is any way unavoidable, but rather because as president he has the power to bring on a recession.” (03/13/25)
https://www.counterpunch.org/2025/03/13/the-trump-musk-recession-because-they-can/