5 ms·
The "business cycle" has no purpose; it's an emergent phenomenon.
by dpe82 2y ago
The "business cycle" has no purpose; it's an emergent phenomenon.
- FrankWilhoit 2y agoOh, my sweet summer child....
- SR2Z 2y agoI love it when people smugly post econ opinions that fly in the face of consensus with zero evidence. Dude, the "business cycle" is the natural consequence of speculatively allocating resources. Sometimes people do just overestimate how much the economy can grow.
- FrankWilhoit 2y agoLike anything else, the manner in which it is exploited becomes its purpose.
- dpe82 2y agoI quite enjoy the warm weather of summer, and exploit that by wearing shorts. Are shorts the purpose of summer?