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I'm not an economist either. It just seems the business cycle has been a persistent feature of capitalist economies.
by jwmhjwmh 5y ago
I'm not an economist either. It just seems the business cycle has been a persistent feature of capitalist economies.
- AussieWog93 5y agoPerhaps look into Australia. We have much tighter regulations than the US or UK when it comes to lending, and we've largely avoided recessions, including in 2008. COVID got us, but that did have a physical reason behind it.