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Recession Famous Recessions in History

Recession Famous Recessions in History

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 This episode surveys four major economic crises spanning nearly a century: the Great Depression, nineteen seventies stagflation, the two thousand eight global financial crisis, and the twenty twenty pandemic recession. It examines how the stagflation era combined high unemployment with high inflation, confounding traditional economic theory until Paul Volcker's painful but effective shock therapy. The two thousand eight crisis reveals how financial deregulation and mortgage securitization created a house of cards that nearly collapsed the global economy. The pandemic recession demonstrates both the power of aggressive government intervention and the profound inequalities it exposed. Throughout, the episode identifies recurring patterns of speculation, deregulation, and inequality that precede disasters, questioning whether we ever truly learn from catastrophic mistakes.
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