... or how I learned to stop worrying and love recessions.

After noting The Market Ticker yesterday as a site that looked interesting, I've since read through a fair bit of the archives, and found that there is, indeed, tons of valuable material. If you're at all interested in economics, it's a site worth going through. I don't agree with everything there, and the writer can be a bit hyperbolic, but my thinking in a number of areas has been challenged, which is always a good thing.

One of my personal bugaboos has always been the 'end of the business cycle' crap. Putting off recessions, which we've been attempting to do for a long time now, is always a bad idea, and the more you try to do it, the worse the end result will be. This piece at The Market Ticker explains why recessions aren't only inevitable, they're an inherent part of the Reserve Banking system. People should be forced to read this piece (at gunpoint if needed) to get it through their thick skulls why playing politics with economics is not only a bad idea, it's futile (in the long run).

Posted by: Hermit Dave at 04:45 PM | No Comments | Add Comment
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