Why are we always unprepared for recessions?

When the economy sputters, stimulus should kick in automatically

Snow in England

I lived in the UK for five years. Every winter, this would happen at least once: some snow would fall from the sky and the country would spiral into a panic. It was if they’d never seen it before. If more than an inch accumulated on the ground, trains would derail. Roads would become impassable as drivers plowed into each other. Schools would shut. And, even for a country that has a truly remarkable tolerance for small-talk about the weather, all anyone could talk about was the snow.

As a Canadian, I found this bewildering. At first I thought, hey—this isn’t Montreal—maybe it really doesn’t snow that often here. But nope, it does: it snowed heavily at least once every year I lived there (apparently London gets, on average, 16 days of snow every winter).

You’d think that they’d be used to it by now.

Συνέχεια εδώ

Πηγή: sunderji.substack.com

Σχετικά Άρθρα