Greenspan Sees Next Recession Driven by `Dramatically' Rising Debt

The video discusses the desire for clear economic predictions, highlighting the challenge of predicting recessions, which have occurred every seven years on average since World War II. It explains that these recessions are driven by rising factors that self-perpetuate. The concept of stagflation, a period of high unemployment and inflation, is explored, noting its contradiction to the original Keynesian model. The video suggests that we may be entering a similar period now.

What factors are suggested to drive the next recession according to the speaker?

What does the original Keynesian model say about unemployment and inflation?