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A comment on What the Fluck. Parent comment

Re:What the Fluck by davidw on Friday December 06, 2013 @05:21AM (#6860385)
> but in a bust individuals will generally react accordingly in a mostly logical way.

It's easy to check this against, for instance, the great depression where rational economic actors drastically reduced their consumption of goods like, say, "food" or "shelter".

Despite being highly rational behavior, it was at times deleterious.

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Re:What the Fluck by mistermann on Sunday December 08, 2013 @02:33AM (#6869235)
> Despite being highly rational behavior, it was at times deleterious.

Very true, but the lesson of what can happen when caution is thrown to the wind would minimize irresponsible behavior for a very long time. Contrast that with current practice which is to drop interest rates to insane levels so people can continue doing what got them into trouble in the first place.

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