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-...
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.