Joe Higgins

Joe Higgins

Joe Higgins Inc.

520-631-7400
Email: joe@joehigginsinc.com

Joe Higgins
Tucson, Arizona

Open in Google Maps
  • Home
  • Business
    • Rainmaker Medical
    • QLMC
    • Emerald Care
    • Leman Academy of Excellence
    • QMed Weight Loss
    • CashMedicalCare.com
  • Community
    • Community
    • Board Services
    • Awards
  • Media
    • Podcasts
    • Wake Up Tucson
    • Columns
    • Videos Gallery
  • About
    • Biography
    • Joe Higgins
    • Photo Gallery
  • Contact

Difference Between A Recession and Depression

by Joe Higgins / Saturday, 13 October 2018 / Published in blog

The difference between a depression and a recession;

Depressions happen in real markets with honest currencies. Prices deflate relative to the currency which causes a downward spiral of unemployment and asset devaluation. The currency remains stable, so the depreciation of other assets is more obvious.

Recessions are depressions in floating fiat systems. The currency is immediately devalued so the depreciation of assets is muted, money is printed up and floods the economy, interest rates are suppressed and government spending increases, masking the drop in GDP.

What you get in the first case are hard booms and busts. When the busts are over the bad debt is cleared and the economy can grow. In the second case, you get a muted, soft landing, and plenty to dull the pain.

The price to pay is an ever-increasing national debt that eventually implodes the entire system and threatens civilization itself.

From a blog comment. Rings true.

  • Tweet

About Joe Higgins

What you can read next

Jordan Peterson and Bill Maher On Source of Political Correctness
Purpose and Vision For Leading My Organization
Ethos Logos Partners – Classical Education Platform

Recent Posts

  • Ethos Logos Partners – Classical Education Platform

    For the past few years, I’ve been leading...
  • Humans Need Not Apply

    ...
  • Ethos Logos and Pathos – Explained In Under 5 Minutes

     ...
  • Oprah – “Churches Used To Do It.” vs Gov Abbot “‘The Problem is Not Guns, It’s Hearts Without God”

    This is a tale of how two people said essential...
  • A Journey To Second Path of Life – Male Rights of Initiation – Fr. Richard Rohr

    I stumbled on an interview with Fr. Richard Roh...

BUSINESS

  • Rainmaker Medical
  • QLMC
  • Emerald Care
  • Leman Academy of Excellence
  • QMed Weight Loss
  • CashMedicalCare.com

COMMUNITY

  • Community
  • Board Services
  • Awards

MEDIA

  • Podcasts
  • Wake Up Tucson
  • Columns
  • Videos Gallery

BIOGRAPHY

  • Biography
  • About Joe
  • Photo Gallery

Login

  • Investors
  • GET SOCIAL

©   Copyright Joe Higgins. All rights reserved.

TOP