'Down the Road'

After the 2008 financial crisis and Great Recession, there was widespread desire for a rapid recovery. Little attention was paid to learning from the crash or holding anyone accountable; the focus was solely on returning to normal as quickly as possible. However, some economists cautioned that a swift recovery would merely be 'kicking the can down the road' and could lead to an even deeper recession in the future. They advocated for a slower recovery, which would have resulted in reduced short-term growth but potentially positioned the nation more robustly in the long run, avoiding heavy debt for future generations. These warnings were largely ignored. Now, nearly two decades later, should these economists have been taken more seriously? Join the conversation and get answers to this question and more on According2Sam episode #246. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.according2sam.com