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Are recessions good for the economy?

From Mike Moffatt, About.com GuideNovember 27, 2007

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Today I gave an audio interview for RTTNews on the topic of a possible upcoming recession and whether or not it would be good for the economy. Their audio interviews can be found here. The MP3 file of my interview can be found here. I am told that I really do sound like that in real life. I always thought I sounded more like Marvin Gaye. Oh well.

I wrote an article on the need for recessions which is available here: Are recessions good for the economy?. The Economist gives a somewhat different view with Does America need a recession?

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