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Boom and bust markets are caused by human infallibility and time lags. Instead of providing government cover for the cycle, the lesson for businesses should be
by brc 11y ago
Boom and bust markets are caused by human infallibility and time lags.
Instead of providing government cover for the cycle, the lesson for businesses should be that they need to prepare for boo and bust. Knowing a truckload of government money will splash down the chute only increases moral hazard for reckless investment.
Your last paragraph sounds like a central planning nightmare. We don't need people in government buildings drawing lines around core needs. People faced with scarce resource allocation will make the choices that are right for themselves. Anything else ends up with tractor and leather shoe 5 year plans which don't match what people want.