The "bullshit" and "government meddling" you decry has almost completely eliminated long-lasting panics and depressions in the industrialized world. Even the mo

The "bullshit" and "government meddling" you decry has almost completely eliminated long-lasting panics and depressions in the industrialized world. Even the most cursory examination of pre- and post-Great Depression economic trends in the West shows that recessions became shallower and less common once governments adopted countercyclical policies.