Hacker News new | ask | show | jobs
by mistrial9 1376 days ago
> Crisis is good for the economy in the long term.

there is some name for this kind of dismissive optimism, but I do not know it.. suggestions?

I hear this kind of thing from the Cato Institute Human Progress people, who have trillions in paper wealth and the Oil and Gas economy to defend. What could go wrong?

2 comments

A forest fire might be good for the forest as a whole, but that's a cold consolation to any particular tree or rabbit who ends up turned to cinder.
A better analogy would be a strong wind collapsing big and old trees :)
Internalized propaganda?