> My own interpretation of the business cycle is that growth cause externalities that stop growth. The evidence seems to be against this. https://eml.berkeley

> My own interpretation of the business cycle is that growth cause externalities that stop growth. The evidence seems to be against this. https://eml.berkeley.edu/~enakamura/papers/plucking.pdf https://eml.berkeley.edu/~enakamura/papers/plucking.pdf