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> Free markets are the only way to avoid catastrophic booms and busts. Actually, many people believe the opposite. Some even argue that high-frequency boom-bus
by ahomescu1 12y ago
> Free markets are the only way to avoid catastrophic booms and busts.
Actually, many people believe the opposite. Some even argue that high-frequency boom-bust cycles are beneficial, because the short duration of the bust makes it much easier to bear (everyone tries to get as much of the boom as they can, then suffer through the bust with minimal losses).
- nickff 12y ago>"Actually, many people believe the opposite." The previous post is not at odds with what you are saying, as one may "avoid catastrophic booms and busts" by ensuring smaller "high-frequency boom-bust cycles".