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A Recession by Any Other Name - WSJ Opinion

The president’s economic team should think twice before discounting the risk of a recession. After all, they stumbled into the current inflationary crisis after a year of trying to manipulate the language: Inflation was “transitory” and therefore of little concern until it eventually topped an annualized 9%. Let’s not stumble into a recession because the White House has political priorities that conflict with economic reality.

Let’s all have a good night. It’ll be a long news cycle tomorrow.

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