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Making the Argument with Nick Freitas

What Is A Recession, Why Is It Happening, And What You Can Do About it?

Making the Argument with Nick Freitas

Nick Freitas

News, Society & Culture, News Commentary, Politics

4.4743 Ratings

🗓️ 7 July 2022

⏱️ 59 minutes

🧾️ Download transcript

Summary

According to the latest data from the Federal Reserve, the US just slipped into a recession.

So what does that mean for the country, why is a recession happening now, and what exactly can we do about it?

Transcript

Click on a timestamp to play from that location

0:00.0

is the United States about to go into a recession? And whose fault is it? And what actually

0:06.0

causes recessions? And what exactly is a recession? Well, if you stick with us on this episode,

0:10.5

we're going to explain all of those things. Because today, we're going to talk about what a recession

0:14.3

is, what causes them, and what you can actually do about it. All that and more coming up on this

0:19.4

episode of making the argument.

0:24.6

Thank you for joining us on this episode. If you walk away with something valuable after listening or watching this episode, I hope you'll leave us a comment on the YouTube channel. You can find

0:28.9

Nick's YouTube channel by searching Nick Freitas and leave us for review on Apple Podcasts and Spotify.

0:34.1

Thank you for joining us. So I am your host, Nick Freitas, member of the Virginia House of Delegates, but other than that, a reasonably good person.

0:40.2

With us is always my beautiful bride, Tina Queen of the Bees.

0:43.3

Hello, everyone.

0:44.2

We also have our resident historian and political prognosticator, Christian.

0:47.7

Hello?

0:48.6

And then, of course, our producer of producers, Nicholas Hamilton, the good Hamilton, the one that doesn't like central banking.

0:53.2

All true things.

0:57.0

And it's a good thing you don't like central banking because that is going to be one of the topics that we discussed today with respect to what causes recessions.

1:02.9

Because this term gets thrown around a lot and sometimes it gets thrown around by people

1:07.1

that I don't think actually know what it is.

1:09.5

And look, there's no reason why you would necessarily know what the technical definition

1:13.2

of a recession is.

1:14.2

But we figured, you know what, this would be a good topic talking about what are, because

1:18.1

because we have people right now that have been suggesting for the last, I mean, the same

1:23.4

people that were saying inflation's not happening or inflation's overblown or this is just

...

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