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Modern societies seem incredibly averse to allowing recessions take their natural course these days. There has been unprecedented money printing in tough times
by Grimburger 4y ago
Modern societies seem incredibly averse to allowing recessions take their natural course these days.
There has been unprecedented money printing in tough times that doesn't revert to mean before the next economic crisis comes along. This results in huge misallocation of resources and a lot of long term negative consequences all to avoid short term pain.
At some point the developed governments on Earth will have their hand forced rather than playing god with the economic cycle.
- fallingfrog 4y ago"Avoiding short term pain at the cost of long term consequences" is the cause of most instances of civilizational collapse. https://www.pbs.org/newshour/nation/indiana-jones-collapsed-cultures-western-civilization-bubble https://www.pbs.org/newshour/nation/indiana-jones-collapsed-...