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Ideally, sustainable growth should be 3% or more, as it was in the early 1950s and late 1980s, when the Nation benefited from [[Reaganomics]]. However, during the [[Obama Administration]] GDP never exceeded 2% annually. If economic growth - the creation of new goods and services (and [[money supply]] expansion) - does not match or exceed population growth, the society is in a static [[zero sum]] or collapsing recessionary state.
Ideally, sustainable growth should be 3% or more, as it was in the early 1950s and late 1980s, when the Nation benefited from [[Reaganomics]]. However, during the [[Obama Administration]] GDP never exceeded 2% annually. If economic growth - the creation of new goods and services (and [[money supply]] expansion) - does not match or exceed population growth, the society is in a static [[zero sum]] or collapsing recessionary state.
A [[recession]] marks a period of "negative growth," or more precisely, a contracting or collapsing economy.
A [[recession]] marks a period of "negative growth," a contracting or shrinking economy.
==References==
==References==