This week on the podcast, Jeremy looks at a historic marker and definition of recession, then compares that to how it is being defined today, conveniently at a time when the traditional way of understanding recessions would put the United States in one under the Biden Administration.

Subscribe on your favorite podcast catcher, tell your friends about Theonomoney, and follow Theonomoney on Facebook, Twitter, Instagram, and Gab.

Check out great Theonomic shirts and hoodies here: https://www.bonfire.com/store/theonomoney/

Sources:

https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/ 

https://www.bea.gov/data/gdp/gross-domestic-product 

https://www.bea.gov/resources/learning-center/what-to-know-gdp 

https://www.bea.gov/help/glossary/gross-national-product-gnp

https://www.thebalancemoney.com/unemployment-rate-by-year-3305506 

https://www.investopedia.com/ask/answers/030515/real-gdp-better-index-economic-performance-gdp.asp 

https://nypost.com/2022/07/25/biden-plays-orwell-tries-to-redefine-what-recession-means/