TED-Ed: What causes an economic recession? | Richard Coffin

The video explores the concept of recessions, starting with the historical bronze recession in Britain. It explains how recessions are caused by disruptions in the balance between supply and demand, influenced by inflation and interest rates. Various factors like natural disasters, economic prosperity, and psychological factors can trigger recessions. Government policies, while intended to prevent recessions, can sometimes contribute to them. The video concludes by highlighting the complexity of modern markets and the importance of learning from past recessions.

What new insight or understanding did you gain from this video?