Recessions are sad enough when they can’t be avoided, but purposely creating them because of poor economic theory or practice is an entirely new level of unacceptable. That is the view of yours truly, as well as the view of my guest on Capital Record this week, Alan Reynolds. Alan is a senior fellow at the Cato Institute and a long-time Reagan-era supply-side economist and thought leader. Listen in for a conversation on why inflation is lower than people think -- and has been -- and why the Fed is making the same mistake in 2023 that it made in 2021, only from the other side of the coin. Just as “too easy” creates all sorts of problems, “too tight” does the same -- and then, guess what, leads to a new era of . . . “too easy.”