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> The boom bust cycle is made worse by government policies Government meddling does make it worse. Governments fighting the business cycle is perverted and sho
by landemva 3y ago
> The boom bust cycle is made worse by government policies
Government meddling does make it worse. Governments fighting the business cycle is perverted and should not be the task of government. Paul Volker rediscovered the business cycle and wrote a book about it.
https://archive.org/details/rediscoveryofbus0000volc https://archive.org/details/rediscoveryofbus0000volc
Interest rates naturally vary across time, space, lenders, and borrowers. Leave rates to the free market and have government enforce anti-discrimination.
- RandomLensman 3y agoAlas, there are no free markets as far as human societies are concerned, so how far should governments go?