News for hackers. Stuff that matters.
Re:Ask HN: How worried are you about the upcoming recession? by donsupreme on Tuesday May 24, 2022 @09:46PM (#31499724)
Cyclical collapse in capitalistic system is built-in. Risk tolerance expands slowly over time and then collapsed dramatically when the system is unsustainable, then restart.
Re:Ask HN: How worried are you about the upcoming recession? by Grimburger on Tuesday May 24, 2022 @11:19PM (#31500235)
Modern societies seem incredibly averse to allowing recessions take their natural course these days.

There has been unprecedented money printing in tough times that doesn't revert to mean before the next economic crisis comes along. This results in huge misallocation of resources and a lot of long term negative consequences all to avoid short term pain.

At some point the developed governments on Earth will have their hand forced rather than playing god with the economic cycle.

Re:Ask HN: How worried are you about the upcoming recession? by fallingfrog on Wednesday May 25, 2022 @01:32PM (#31507733)
"Avoiding short term pain at the cost of long term consequences" is the cause of most instances of civilizational collapse.

https://www.pbs.org/newshour/nation/indiana-jones-collapsed-...

Re:Ask HN: How worried are you about the upcoming recession? by anm89 on Tuesday May 24, 2022 @09:50PM (#31499750)
Yeah the world was just really stable and peaceful before capitalism came around.
Re:Ask HN: How worried are you about the upcoming recession? by mandelbrotwurst on Tuesday May 24, 2022 @09:57PM (#31499784)
The comment you're replying to didn't imply otherwise.
Re:Ask HN: How worried are you about the upcoming recession? by anm89 on Tuesday May 24, 2022 @10:01PM (#31499813)
> Eating and breathing in the capitlistic system is built in.

See why people don't say this even though it's true? Because the only reason to point this out is to imply causality and to point out that it's different than some other system.

Re:Ask HN: How worried are you about the upcoming recession? by xboxnolifes on Tuesday May 24, 2022 @11:47PM (#31500393)
Saying that something exists in one system does not imply that it does not exist in no other system. At best, it implies it it does not exist in some other systems.