# Unlearning recession myths — retained record

> Retained news record from news:semafor.

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-06-30 14:50 ingested 2026-07-01 09:44

[original source ↗](https://www.semafor.com/article/06/30/2026/unlearning-recession-myths)

## retained text



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Recession: The Real Reasons Economies Shrink and What to Do About It, by Tyler Goodspeed.
A former White House economist and current chief economist at ExxonMobil, Goodspeed sets out to demolish a number of recession myths, namely that they necessarily follow unsustainable booms, are otherwise cyclical, or that they “cleanse or restructure economies, the way wildfires clear forests of their dead wood,” a Wall Street Journal reviewer wrote.
This is not necessarily reassuring, though: Recessions are rarely caused by a single shock event, but rather multiple interlocking crises, meaning they are “fundamentally unforecastable,” Goodspeed writes. Buy Recession from your local bookstore.
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document fetched 2026-07-01 09:44 · canonical https://semafor.com/article/06/30/2026/unlearning-recession-myths