Economies don’t follow a random path with each year like the a ball with each spin of a roulette wheel. A driver of business cycles is accumulated malinvestment

Economies don’t follow a random path with each year like the a ball with each spin of a roulette wheel. A driver of business cycles is accumulated malinvestment and suboptimal policy. Another way to look at it is that a gambler can’t do anything to affect the roulette wheel, but a recession can be brought about or deepened by all sorts of human action.