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I think people lose sight that a recession is normal and part of the cycle of boom and bust. Net net it’s always higher but you need a cool-off period.
by dfischer 7y ago
I think people lose sight that a recession is normal and part of the cycle of boom and bust. Net net it’s always higher but you need a cool-off period.
- MegaButts 7y ago> Net net it’s always higher So far this is true for the US, but Japan shows this might not always be the case.
- ionised 7y agoThe fact the people believe the cycle of boom/bust is somehow an inevitability of life rather than a flaw in our economic ideology is yet another cynical neo-liberal deception of the working and middle classes.