Recession Myths Are Making Bad Policy Worse with Dr. Tyler Goodspeed | LPP 202

​Everyone wants to know when the next recession is coming. Wall Street watches every data release. Politicians blame their opponents. The Federal Reserve tries to read the tea leaves. And too many commentators treat recessions as if they are an inevitable punishment after a long expansion. But what if much of that conventional wisdom is wrong?

In this episode of the Let People Prosper Show, I’m joined by Dr. Tyler Goodspeed, Chief Economist at ExxonMobil and an adjunct scholar at the Cato Institute, to discuss his new book, Recession: The Real Reasons Economies Shrink and What to Do about It.

Tyler brings a rare combination of economic history, macroeconomic expertise, and real-world policymaking experience. He served as Chair of the White House Council of Economic Advisers during the first Trump administration and previously served as Vice Chairman and Chief Economist for Macroeconomic Policy. We overlapped during my time at the White House Office of Management and Budget, where these debates were not academic. They shaped real decisions affecting millions of Americans. With dual PhDs in economics and history, Tyler has the long-run perspective needed to challenge the easy stories politicians tell about downturns. 

The goal should not be for the government to micromanage the economy. The goal should be to understand what actually causes downturns, avoid making them worse, and build the conditions for stronger long-run growth.

🌐 Learn more about my work at vanceginn.com

📩 Subscribe for show notes at vanceginn.substack.com