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One thing that lowkey bugs me is business cycles.

Why can't it be slow, incremental, and constant growth instead of rapid, growth, and decline?

I get it's all part of taxes, income, debt, stipulatiory stimulus, Holiday spending, etc. but why can't we just make more holidays, encourage more spending, and growth?

And I get spending doesn't grow the economy, savings do but why aren't we incentivizing a savings system that allows perpetual growth.

And I get maybe it's principles of energy/life, creation, existence, destruction, etc. but this just bugs me honestly.

#AskPhilostr #EconPhilosophy

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Discussion

Satoshis Nephew 11mo ago

My Fiat mining job sales cycles are between 12-18 months to land a deal and plenty of things can happen within that timeframe…

Jordan S 11mo ago

Sales is a wild card, highly lucrative, highly risky.

All I can say is top up on your persuasive skills brother, might want to check out a copy of How to win friends, and influence people by Dale Carnegie, if you can get your hands on one.

Satoshis Nephew 11mo ago

I’ve been in sales since I was 15 so I know what it takes..

The previous selling was person to person and the selling now is to multinationals whom have tedious processes and red tape hence the need for everyone to feel important in a relatively small purchase in the greater landscape within the organization..

But I’ll get that book - I have read the summaries 🤙🏻🙏

Leathermint 11mo ago

There wouldn't be those business cycles if it wasn't for people playing with monetary policies. They're most likely we'll meaning but do more harm than good in the long run as ultimately a bust happen.

AlexAnarcho 11mo ago

The business cycle is caused by the central bank

Ape Mithrandir 11mo ago

Good ser have you studied the works of Mises and Rothbard?

Jordan S 11mo ago

No 😔

I just watched YouTube videos about econ from varying perspectives, Austrian, Keynesian, Chicago, Communist, etc.

I believe I might have read, or attempted to read Murray Rothbard's what has government done to our money in the past but it's been a while.

I did read read Ron Paul's End The Fed, and The Revolution: A Manifesto but this was well over 5 to 10 years ago now.

I did read Hoppe's from Aristocracy to Monarchy to Democracy.

But if there is a particular Rothbard book that I should read (preferably Free PDF, or youtube audio book) then I might give it a gander.

Ape Mithrandir 11mo ago

Mises Human Action is the gospel but hard to get through. Choice by Robert Murphy is a layman's version, potentially too basic.

The books you mention are decent too.