The Real Reason for Recessions

What actually causes recessions? Are economic downturns inevitable, or are they the result of political mistakes and bad policy decisions? And when one economy starts to shrink, how quickly can the rest of the world follow? In this episode, podcast host Duncan Barkes is joined by the TaxPayers' Alliance's John O'Connell and former Chair of the White House Council of Economic Advisers and current ExxonMobil chief economist, Dr Tyler Goodspeed, to discuss his new book Recession: The Real Reasons Economies Shrink and What to Do about It. Together, they explore what really drives recessions, whether governments help or hinder recovery, and what today's economic warning signs could mean for Britain and the wider global economy.