Victoria DuBois, Chapter 9, Question 6

The section in this chapter that I found most interesting was on page 202 as Wheelan talked about recessions. What was interesting to me was that he enlightened me on a paradox of recessions that I have never really thought about before. Wheelan explained this paradox by saying "our natural (or rational) reaction to precarious economic times is to become more cautious with our spending, which makes our collective situation worse." It's also interesting to me how he shows that our behavior plays a role in recessions. He says in simple terms, "if we all believe the economy is likely to get worse, then it will get worse. And if we all believe it will get better, then it will get better."