The thing is that it also reduces the risk of certain systemic risks. Recessions (and even worse, deflation) happen when production is too high relative to dema

The thing is that it also reduces the risk of certain systemic risks. Recessions (and even worse, deflation) happen when production is too high relative to demand, but no one has noticed. In the 80s if demand for cars dropped, everyone from the dealers to the manufacturers to the parts suppliers were left with a ton of excess production. In the best case, you merely transfer some production from the end of a boom to the beginning of the end of the bust, but in the worst case all that inventory just sits around and deflates.