I'm not sure how you can belief this terrible cliche to be true.
Without even bringing up money or inflation:
Oil and other products are in much higher demand compared to the supply than the current system can handle right this moment. You can get less of what you used to get and its obvious for everyone.
This has immediate consequences, but also compounding when slower/lower trade directly effects the ability for people to earn enough to stimulate more trade.
The immediate stuff would cause a recession in itself. Period. Nothing about economic beliefs. ( except if you include a desire to nationalize certain parts of the economy ). The compounding stuff can be mitigated in many ways. Personally I don't think its prudent to mitigate it with consumer debt. i.e. the only way I'm able to interpret your suggestion to not belief in a recession.
"Oil and other products are in much higher demand compared to the supply"
You mean when you arbitrarily cut off supply to satisfy a fringe element it has repercussions?
Who knew?!?
Without even bringing up money or inflation:
Oil and other products are in much higher demand compared to the supply than the current system can handle right this moment. You can get less of what you used to get and its obvious for everyone.
This has immediate consequences, but also compounding when slower/lower trade directly effects the ability for people to earn enough to stimulate more trade.
The immediate stuff would cause a recession in itself. Period. Nothing about economic beliefs. ( except if you include a desire to nationalize certain parts of the economy ). The compounding stuff can be mitigated in many ways. Personally I don't think its prudent to mitigate it with consumer debt. i.e. the only way I'm able to interpret your suggestion to not belief in a recession.