In the Wall Street Journal, Philip Magness, Director of Research and Education at the American Institute for Economic Research (AIER), points out that “An economic downturn is a political problem, so the White House is playing semantics by redefining the term.”
Kate Wand, host of AIER’s Liberty Curious podcast, explores the implications of redefining the meaning of words in a post-truth society, using Magness’ essay on the White House attempt at redefining the term recession.
