People usually think recessions are bad. Are they in fact necessary? Akin to naturally occurring small forest fires…those are good otherwise there could be a mega fire.
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No, they are actually indicative of an extremely “unhealthy” economy, a “healthy” economy looks like a stable line with moderate dips and increases sporadically. A stable, healthy economy is good for all the people living underneath it and does not cause major homeless epidemics, nor does it allow intense government corruption. In an unhealthy and unstable economy like one with a lot of inflation and deflation over time as America has become famous for; leads to a lot of exploitation of the system and a lot of people’s lives to be absolutely destroyed/overturned. Economics really comes down to what effects do you want to have for society, if you want a nice, live-able, generally fair society: A stable economy is where it’s at, if you want a society that is built on mistrust and abuse of power: Instability is how it’s achieved. So, really, its about ethics, and idk about you, but i’m sure the vast majority of people would agree that having good living standards for as many people as possible should be society’s priority, since that was the entire reason we invented societies in the first place…
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