Dispassionate
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A loose answer would be to re-establish economic soundness, but can anyone offer more detailed answers?
A loose answer would be to re-establish economic soundness, but can anyone offer more detailed answers?
What is the purpose of a recession?
What is the purpose of a recession?
A recession doesn't have a purpose. It's not a conscious thing. It's just a state of economic being.
A loose answer would be to re-establish economic soundness, but can anyone offer more detailed answers?
But a depression or recession is not a "thing."
A recession is just part of the pattern of business/economic growth known as the business cycle. It doesn't have a purpose but it does have effects, symptoms if you will. Those effects come about because the recession is the part of the business cycle where prior excesses in growth have overrun and are exposed by a drop in growth. Examples include:
- too many employees because of growth . unemployment
- even bad businesses survive in a rising market . business failure
- even profligate government spending (Australia) is ok . deficits, pain, stupid promises reneged on
- even private overborrowing is ok when wages and economies rise . foreclosures, bankruptcy.
You get the picture: no purpose, only effects appropriate to this stage of a small rise and fall cycle.
The big question: how small a rise and fall cycle is this?
It's a phenonema, so it's a thing. Part of the purpose would be to make the bad things you listed good.
Hallelujah, thanks for the Amen... but I'm even more thankful for the quote;Yes I think that possibly deserves an Amen.
Lao Tzu said:Those who have knowledge don't predict.
Those who predict don't have knowledge