Thomas delivers an EconSov briefing at a BMW board room
Economic Recession Update
Surveyed economists from the National Association for Business Economics (NABE) predict upcoming recession in the following year:
2022 or later: 23%
In 2015, the book Economic Sovereignty: Prosperity in a Free Society, laid out the sociopolitical and economic concepts which drive recession and prosperity. Forecasts for readers and briefing attendees have empowered them to prepare and get ahead with wise choices. Those who applied our concepts and consulting are much better positioned.
What will the next recession look like? Volatile factors make specifics elusive. In the best case, stagnant destructionism (the consumption of capital), is predicted by Daniel Lacalle. He accurately lays out the trajectory of financial repression, and explains how Japan’s decades of destructionism were spared without illegal immigration in order to preserve their social insurance programs. Buckling of the social insurance programs will accelerate the consumption of capital. Immigration, sub-replacement fertility rates, and expansion of redistribution contribute to the acceleration.
Lacalle does not use the term destructionism, but his approach speaks to the Austrian and Classical economic schools of thought, so I’m sure he would agree. Alvarism predicts protracted destructionism in the USA until voters demand implementation of the policies suggested in Economic Sovereignty. Irrespective of whether the upcoming recession is stagnant or severe, quickly adopting the knowledge in Economic Sovereignty will improve any citizen’s position.