Can the boom and bust cycle of economies ever be stopped?

Can the boom and bust cycle of economies ever be stopped?

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Keynesianism

Ask China

International socialism

lol

slow steady growth funded by actual profits instead of jewish banking.

There's literally no reason to. There are a lot of small time players who couldn't make moves without the reduction in costs a bust cycle provides. In a land of eternal boom, those at the top stay on top forever. There is no cycling. Which is essentially feudalism.

>There's literally no reason to
/thread

No, capitalism is inherently unstable and one time the bust will be so bad the world will be remade.

yes, abolish money and trade with your neighbors for food and other necessities

Make the world a theocracy with the Catholic Church on top and make it so everything is shared equally between people. Heaven on Earth.

Does it need to be stopped?

I remember the hysteric shitstorms over China's economy "crashing", I'm quite amused at how casually they bounced back.

>I remember the hysteric shitstorms over China's economy "crashing"
You spend way too much time on Veeky Forums

>6.5% growth
>CRASHING

I hate that meme

You obviously weren't paying attention August 2015-July 2016

Yes.

Yes, by setting regulations in stone and stopping any further government intervention.

>You obviously weren't paying attention August 2015-July 2016

I check out various news outlets everyday, I can't remember any "hysterical shitstorm".

This doesn't make sense

google.es/amp/s/mobile.nytimes.com/2016/02/26/business/international/china-data-slowing-economy.amp.html

google.es/amp/www.marketwatch.com/amp/story/guid/C8656992-3C70-11E6-8F8C-E2AD8AEABD34

nationalinterest.org/feature/will-2016-bring-the-collapse-chinas-economy-14753

what an insightful comment

Should they be stopped? A periodic cleansing is necessary to separate the wheat from the chaff.

Do you really think there is no destructive creation in a booming economy?

You don't need a crippling depression to change the winners and losers.

No. BECAUSE MUH RECESSIONS WEED OUT THE UNPRODUCTIVE MEME

As long as humans can grow decadent and irrational there will be bubbles.

If they remained rational then there would be no need for the business cycle, but then the business cycle wouldn't happen, everyone would do their research and make milquetoast low risk investments and the economy would trundle along at a slow steady pace and I'd probably kill myself out of boredom.

A healthy boom and bust cycle doesn't result in crippling depression. It's like forest fires. If you go too long without one, it can truly cause devastation. But if you have lots of smaller ones, to burn up the chaff, no fire can destroy the whole forest.

"boom and bust" is a spook made by neoclassical economist idiots and investment bankers to try and normalize the failed economy of the western world

Please tell me more about these "healthy" recessions

I agree that an economy should have times of high growth and slowdown, but a recession is never warranted.

Writedown of bogus assets for one. False indicators of GDP can cause both monetary and fiscal policy to operate without precision. Besides, recession simply means negative growth. Would you be OK with negative growth for a day? A week?