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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The thing is, these are policies and economic structures that we’ve built for ourselves. We have massive influence on every variable involved in the economy so, in essence, it’s not really NECESSARY to avoid a future disaster to have a recession because we’re making up the rules.
In nature, yes smaller fires can help stop a large inferno from doing even more damage but those are mechanisms developed over millions of years and in specific regional and climate circumstances. The situation can change drastically with no influence from the trees or the brush. Nature doesn’t really care, it just does. We do care, and we’ve crafted a system tailored to what we care about most, so our flaws are all over how we run things for ourselves.
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