The boom and bust cycle was actually a good thing: it gave badly managed companies an "opportunity" to go bankrupt before they grew "to big to fail". Now that F

The boom and bust cycle was actually a good thing: it gave badly managed companies an "opportunity" to go bankrupt before they grew "to big to fail". Now that FED tries to regulate market cycles it actually makes things worse. It's not a coincidence that The Great Depression happend mere 16 years after creation of FED. And while some people did loose their savings during "bust", they could quite easily make up for it during the "boom" that followed. I don't expect economy to reach equilibrium, some mythical state of neverending growth. I want economy to stay dynamic, with boom periods interlaved with occasional, small crises.