EP 390: Context Clues: Is a recession inevitable?
How do you prepare your small business for economic ups and downs?
How do you prepare your small business for economic ups and downs? Is a recession inevitable? And what even is a recession? In this episode, unpack why the economy cycles through periods of boom and bust. I also demonstrate how a similar cycle is at play in the online business space. And I offer some strategies for making sustainable business decisions—no matter what happens with the economy.
Footnotes:
- Gates of the Arctic National Park
- Caribou population cycles
- Floating Coast: An Environmental History of the Bering Sea by Bathsheba Demuth
- Beargrass
- Mast fruiting
- Braiding Sweetgrass: Indigenous Wisdom, Scientific Knowledge, and the Teaching of Plants by Robin Wall Kimmerer
- “Are recessions normal?” on Make Me Smart
- Economic cycles on Investopedia
- Spotted lanternfly and tree of heaven
- Timothy Snyder on the Ezra Klein Show
- “The best of all possible worlds” from Candide
- A history of recessions in the 20th and 21st centuries
- Rana Foroohar on the Ezra Klein Show
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