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Don't conflate the business cycle with boom-bust. Business cycle downturns are inevitable, as misallocated resources are redirected. Big busts require governm
by kingkongrevenge 18y ago
Don't conflate the business cycle with boom-bust. Business cycle downturns are inevitable, as misallocated resources are redirected. Big busts require government. There really aren't any examples of major boom-busts happening without the hand of government.