Why Experts Keep Getting the Economy So Wrong
Summary
Derek Thompson and economist Jason Furman explore why economic experts consistently overpredict recessions despite the US economy’s surprising resilience. They analyze failed doomsday forecasts regarding inflation, tariffs, and the Iran war, attributing the disconnect to a shift toward a diversified "100-legged stool" economy and improved monetary policy. The episode also critiques media sensationalism, arguing that commentators often confuse short-term negative events with long-term positive economic trends.
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