Politicians, voters, and yes, journalists, have all recently fretted that this placid moment in the American economy won’t last, and that the third-longest period between recessions in post-war history, will soon give way to another crisis. But it was America’s highest-ranking economist, Janet Yellen, who assured us that “expansions don’t die of old age,” and that there’s no reason to expect a downturn, as long as we can avoid policy mistakes or another shock.
It Only Seems Like the Economy Is a Disaster
