Re:Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
by PeterisP on Monday December 16, 2019 @11:21AM
(#21804155)
Recessions are unpleasant, but it's not considered a tragedy that should be avoided at all costs because they're not really considered as avoidable.
The 'business cycle' of expansion and contraction is obviously visible in history and has reasonable macroeconomic explanations, and it's expected to continue.
People try to predict the timing of it (which is hard because acting on these predictions often alters reality so that they're less likely to come true), and they definitely try to ensure that recessions aren't long and hard and that the economy can recover from them faster, but nobody is saying that they can prevent a recession, and the interventions which can artifically postpone a recession (i.e. postpone a correction of some market) would generally only make the recession much worse when it happens.
The 'business cycle' of expansion and contraction is obviously visible in history and has reasonable macroeconomic explanations, and it's expected to continue.
People try to predict the timing of it (which is hard because acting on these predictions often alters reality so that they're less likely to come true), and they definitely try to ensure that recessions aren't long and hard and that the economy can recover from them faster, but nobody is saying that they can prevent a recession, and the interventions which can artifically postpone a recession (i.e. postpone a correction of some market) would generally only make the recession much worse when it happens.