25 March 2008
Dept. Of: I’ll Have Whatever He’s Smoking
Posted by Connor under: Economics .
Kevin Hassett, author of the infamous investment tome, “Dow 36,000,” and economic advisor to John McCain, dispels some nasty recession myths:
4. Recessions are bad for your health.
With more free time and less money on their hands, people tend to consume less tobacco, exercise more, prepare healthier meals and lose weight. In addition, they are much less likely to have car and other accidents, and to catch communicable and sometimes fatal diseases such as influenza. Among the top 10 causes of death in the United States, only suicide rates show a substantial unemployment-driven increase.
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