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> or worse yet, trigger a full fledged recession Why does a recession need to have a negative connotation? It's what a healthy economy does to get rid of mark
by stadium 5y ago
> or worse yet, trigger a full fledged recession
Why does a recession need to have a negative connotation? It's what a healthy economy does to get rid of market inefficiencies.
Since the 2008 housing bubble popped, I noticed a general sense in the zeitgeist that recessions should be avoided at all costs. Is this not delaying the inevitable, or setting up an even bigger downturn in the future than what might have occurred more naturally?
- sundaeofshock 5y ago> Why does a recession need to have a negative connotation? It's what a healthy economy does to get rid of market inefficiencies. Because market inefficiencies get restless when they can’t pay the rent or feed their families. They might even pick-up pitchforks…
- stadium 5y agoWouldn't a better use of resources be to retrain people for new careers? Propping up failed businesses and obsolete jobs because "the economy" makes no sense to me.
- randmeerkat 5y agoYes, but the issue with this is offering free education to people so they can upskill and pay more in taxes is considered socialism, which means that any program would immediately be killed by the right.
- jcoq 5y agoA fed-engineered recession is certainly not ideal. But more broadly, I was talking about the tradeoffs of fighting inflation insofar as ordinary people are concerned.