The people who believe that an economy is simply a force of nature, rather than a man-made system, want to normalize the boom-bust cycle again, because of who it empowers. But good governance of an economy can certain ensure that’s less likely to happen.
Yes, and the reason why we have economists and such like is to help us to avoid that… to say, “hey, these numbers of looking worrying, maybe we can take some action to head that off”… Such as the Sahm rule everyone was invoking this week… but of course Sahm herself said:
“The Sahm rule is an empirical regularity. It’s not a proposition; it’s not a law of nature.”
As Marx said (and I’m obviously paraphrasing here) the point of the various kinds of philosophizing people do around things like economics isn’t to just describe this stuff, but it’s to change it… use it for our own benefit and betterment.
