2 ms·

So was the 1918 stock market crash but sometimes change only comes from pain.

• dundarious 4y ago
  There's no reason to think that change only comes from pain. There's also no reason to think that repeated boom and bust cycles are necessary and good. That would be a kind of Malthusian logic that has thankfully been abandoned when it comes to population studies -- it should not be accepted in economics either.
  • maerF0x0 4y ago
    it might have been better said "for some change only comes from pain"?
    • dundarious 4y ago
      Some people? Mostly disagree. Some kinds of change? Sure, but plenty of beneficial changes don't.
  • jeffwask 4y ago
    No reason except most of recorded history but if we throw that out sure humans aren't panicky herd animals that can't assess risk or long term plan.