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> This being Ycombinator one can consider the example of how any crazy idea gets funding during good times but during hard times the ideas that actually have le
by astrange 2y ago
> This being Ycombinator one can consider the example of how any crazy idea gets funding during good times but during hard times the ideas that actually have legs remain. ;-)
Remember economics isn't a morality play where bad things are secretly good. The general principle is that a bad economy only has bad results and there's no reason to want one.
https://eml.berkeley.edu/~enakamura/papers/plucking.pdf https://eml.berkeley.edu/~enakamura/papers/plucking.pdf
- Kon5ole 2y agoBad times are named "bad" for a reason of course, but there are many sayings - sayings being based on human observations throughout history - along the lines of "every cloud has a silver lining". One that conceptually rhymes with the "bad times lead to good people" saying is "bad manners lead to good laws".
- philipallstar 2y ago> The general principle is that a bad economy only has bad results and there's no reason to want one. People don't want a bad economy. But in a good economy they will vote for things that create a bad economy.