3 ms·
Think of the economy like a forest and downturns like a forest fire. The downturns (fires) are a necessary part of the lifecycle of the economy (forest) since t
by ls612 7y ago
Think of the economy like a forest and downturns like a forest fire. The downturns (fires) are a necessary part of the lifecycle of the economy (forest) since they remove inefficient or incompetent companies and reallocate their resources for better uses (burn away the driest and dead wood and fertilize the ground for new saplings)
- rjtavares 7y agoAnd like forest fires, sometimes people suffer and even get killed dy downturns. We should try to avoid that instead of the fire itself.