The Recession We Need To Have

20 Comments

1. Why shouldn't the government just build 100 new factories if that is what is deemed necessary to increase supply, seems to be more effective than hoping the private market will respond with the right encouragement. The people working for the government factories will have good wages, good benefits, unions, etc…, the government can sell their goods at or below cost, and then if the workers want they can buy the factory they are working in and convert it to a cooperative. This sounds like a good plan to me, but I do not value profit (in fact I consider profit to be evil and want to reduce profits, while increasing environmentally sustainable supply in goods and services and people's access to them, whether it be by the market or by decommodification programs).

2. It appears that the business cycle is able to go back in time when you consider longer-term cycles and trends.

3. why we need recession 7:21

4. It's funny to call it a necessary evil that makes the median indices look alright when it's clear that specific people are being screwed and specific people are getting richer. There's no "median person", no Christian Chinese woman called Muhammed Wang slowly getting richer.

   A system that lets ANYONE live with under 2 USD a day will never make sense no matter whether the median seems to be steadily increasing. The World Bank proudly announces that extreme poverty has reached an all time low of below 10%. Let's all high five each other! Just shy of 700 million people live in extreme poverty, hooray! Seriously. We need UBS, and we need it everywhere. That should be our goal: make UBS work.

   We can't afford to let people live entire lives in poverty while the median increases. Well, it's worse than that, actually. We can afford, and we do. But we shouldn't.

5. It'd be nice if, after the next inevitable housing market crash we got a land-value tax implemented.

6. can someone give me a new discord link because the one linked does not work

7. Keynesian economics is nonsense

8. You have said what needed to be said. Well done!
   I hadn't realised downturns were natural selection at work. A real eye-opener.

9. So current situatin of the economy is like darksouls? Stimoulus/ lighting the fire

10. Good politics is always bad economics, and People will vote for popular policies and ignore their costs and consequences. A Recession is necessary and people need to feel pain, if they refuse to endure the pain now, they are simply postponing doomsday. Eventually the economy will collapse and the FED will have no way of saving it. Too many years of Can kicking and Living above pur means so the rest of the world can live below its means. That will end

11. Reverse all the Crappy political policies. Shrink government.

12. We always suffer for the speculation and profit of the powerful.

13. Part of the problem is that no one tightens their belt to either save or payback loans (student loans are a hot topic right now). People spend money they don't haven and buy things they can't afford. There is definitely a place for loans (homes), but things have gotten out of hand. Credit cards are a short term loan that add to this as well.

14. A recession is certainly one good way to fix entitlement issues, a better way would be for the government to maintain a 5-6% unemployment band. When it’s lower than that, they should be slashing spending left and right, general QT, and rapid deregulation. When it’s higher than that they would consider QE. The ideology that the lower the unemployment the better will always cause havoc in the long-term.

15. nobody saves anymore? I must be a rarity then.

16. No one is arguing that recessions do not serve a purpose in the economic cycle. Whats worrying is that since the Washington concensus the redistributional effects of recessions and monetary policy alike have gotten less and less attention!

17. Be intentional about your finances, that's the first step to financial security and Making better investment.I've been stacking the cash by investing. I invested 40k in blue chip stocks and crypt0s (with the help of my advisor of course) and made about 380k,Took out a 100k and reinvested the remaining. So far I'm up to 600k+ in stocks and Crypt0currency. Been doing the dave ramsey plan and got out of debt 2 years ago.

18. Somebody had to say it, well done!

19. God this was uninformative and biased to the max. Unsubscribed.

20. Call it what it is…the capitalism cycle

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