The answer is no for most of us. If, on the other hand, you live inside a Florida prison then the answer is yes. For the economies inside Florida prisons now use honey buns as a medium of exchange. And as Nick Rowe has tirelessly explained, recessions can only occur when there is an excess demand for the medium of exchange. I am not sure, though, what a prison economy recession would look like...
(HT Tyler Cowen)
