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by landemva 937 days ago
> The boom bust cycle is made worse by government policies

Government meddling does make it worse. Governments fighting the business cycle is perverted and should not be the task of government. Paul Volker rediscovered the business cycle and wrote a book about it.

https://archive.org/details/rediscoveryofbus0000volc

Interest rates naturally vary across time, space, lenders, and borrowers. Leave rates to the free market and have government enforce anti-discrimination.

1 comments

Alas, there are no free markets as far as human societies are concerned, so how far should governments go?