Hacker News new | ask | show | jobs
by dfischer 2570 days ago
I think people lose sight that a recession is normal and part of the cycle of boom and bust. Net net it’s always higher but you need a cool-off period.
2 comments

The fact the people believe the cycle of boom/bust is somehow an inevitability of life rather than a flaw in our economic ideology is yet another cynical neo-liberal deception of the working and middle classes.
> Net net it’s always higher

So far this is true for the US, but Japan shows this might not always be the case.