Re:Say Hello to Full Employment
by azernik on Friday July 06, 2018 @06:30PM
(#17475617)
This is actually a pretty common interpretation; Google "positive effects of recessions".
Also, all kinds of stressors can create recessions - from a supply shock (the sudden increase in oil prices in 1979 forcing the US economy to restructure to adapt), to a demand shock (a sudden drop in consumer access to credit in 2008), to sudden shifts in the type of demand (both WWI and WWII ended in steep, short recessions during the switchover from wartime to peacetime production).
Also, all kinds of stressors can create recessions - from a supply shock (the sudden increase in oil prices in 1979 forcing the US economy to restructure to adapt), to a demand shock (a sudden drop in consumer access to credit in 2008), to sudden shifts in the type of demand (both WWI and WWII ended in steep, short recessions during the switchover from wartime to peacetime production).