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Replying to Avatar Jordan S

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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AlexAnarcho 11mo ago

The business cycle is caused by the central bank

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