Unpopular opinion perhaps:
Contractionary periods in the economy are absolutely necessary. That’s how you eliminate the things that weren’t built on good fundamentals (i.e., a lot of growth startups that will never make money, a bunch of crypto and derivatives)

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Posting as :
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You are currently posting as works at

And it makes getting upgraded on flights easier

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Is it unpopular though?

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“Perhaps”

What goes up, must come down

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Sure, if the economy contracts naturally. But intentional massive debt and fiat money printing that leads to generational high inflation is not, by any means, natural or necessary. In fact one could argue that the institution charged solely with steering away from recessions, the Fed, did exactly the opposite and drove the economy headlong into this recession due to their pigheaded insistence that 2020-2022 was just like 2008, and their refusal to incrementally raise rates to gradually cool off the portions of the economy that were overheated.

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You could also argue that the fed didn’t do its job by helping prop up the economy and the housing market for a good decade so we never had the correction that still should happen in many respects.

I don’t think this is a hot take. We have intentionally avoided this for a long time (crony capitalism FTW!) and that contributes to this potentially be more painful.

Also the best way to handle surging gasoline demand is to raise prices. Sorry,
Love,
Capitalism

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