Recession Sessions is an interesting project created in 2008 by two college friends, Ryan Stotland and Kyle Thompson-Westra, to document the Great Recession through irreverent folk songs. The first song to come out of the sessions is “Central Banker's Dilemma." It's a little ditty expressing the concerns of stagflation which is the combination of stagnating growth and inflation causing a dilemma for the central bankers: Lower rates to stimulate growth and cause inflation or raise rates and decrease growth but lower inflation? But, what really increased during this financial crisis was the Recession Sessions, growing into a 16-song album in which Ryan and Kyle will use to raise money and awareness for the Somerville Homeless Coalition. Check it out, buy it and help out a person in need.
The songs Central bankers Dilemma and Is it over yet are hard on the fed. If you listen to is it over yet the lyric is When our cure for spending is for never ending easy cash , credit fast - now we're sure to break.
What a neat concept. I went to their website and there you can listen to more of their music from the CD.
ReplyDeleteMy two favorite things combined; music and economics! Would enjoy it more if they were a little harsher on the Fed, but oh well. Very commendable.
ReplyDeleteThe songs Central bankers Dilemma and Is it over yet are hard on the fed. If you listen to is it over yet the lyric is
ReplyDeleteWhen our cure for spending is for never ending easy cash , credit fast - now we're sure to break.