[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

The same type of reason a doctor can’t just reset your body when something goes wrong. It’s a complex, intertwined system that no single piece has total control over. And those pieces are in multi layers of smaller pieces and larger pieces (think heart, then muscle cells) and you have entire systems on each one of these levels that intertwine. Like, the cardiovascular system is one piece, but it wouldn’t function without cell respiration.

I hope that’s a good metaphor, what I’m saying is: it’s super vast and complicated and nobody controls it to the extent that they can reset it because it’s vast layers of endlessly intertwining systems.

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