[ELI5] Why can’t we just reset the economy?

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First of all, parson my ignorance. But since we’re heading towards a depression, why cannot we just make a reser and start from where we left of? Or from a certain period of time.

What are the drawbacks and reasons we can’t.

In: Economics

7 Answers

Anonymous 0 Comments

A recession IS an economic reset; it gets rid of all ineffective and wasteful businesses, it clears out greedy business owners, the cost of living comes down, workers who have skills that are not valued re-skill. People cut back on unnecessary and wasteful items and the money pours into items that people truly want.

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