The number one thing I’ve learned through the last several decades is that if it’s bad for the economy, no one will do it. Greed is the number one driver of everything right now. Maybe that will change, but I doubt it. Look at all the positive progress we try to make, it’s stopped the second anyone rich would lose any money.
Economy is cyclical, always either heading into a recession or coming out of a recession. A capitalist society requires constant money flow for expansion which is why interest rates are lowered during recessive times to stimulate expenditure and raised during peak to control expansion. World wars put spending into overdrive.
No. It’s bad for the economy.
The number one thing I’ve learned through the last several decades is that if it’s bad for the economy, no one will do it. Greed is the number one driver of everything right now. Maybe that will change, but I doubt it. Look at all the positive progress we try to make, it’s stopped the second anyone rich would lose any money.
Russia fucked their own economy.
Not the first time, nor the last…
It was imperial core neocolonialists who fucked them the first time https://en.wikipedia.org/wiki/Shock_therapy_(economics)#Post-Soviet_states
You could not be more wrong
It’s bad for certain parts of the economy and it is dangerous for current rulers.
Economy is cyclical, always either heading into a recession or coming out of a recession. A capitalist society requires constant money flow for expansion which is why interest rates are lowered during recessive times to stimulate expenditure and raised during peak to control expansion. World wars put spending into overdrive.
To the wealthy, volatility is opportunity. Yeah, the market will go down for a while, and later it’ll go back up. Billionaires will cash in both ways.