{"id":81689,"date":"2024-01-24T20:30:14","date_gmt":"2024-01-24T20:30:14","guid":{"rendered":"https:\/\/merikebi.warrenmyers.com\/?p=81689"},"modified":"2024-01-24T20:30:14","modified_gmt":"2024-01-24T20:30:14","slug":"bring-back-boom-and-bust","status":"publish","type":"post","link":"https:\/\/merikebi.warrenmyers.com\/?p=81689","title":{"rendered":"bring back boom-and-bust"},"content":{"rendered":"<p>A dozen years ago, <a href=\"https:\/\/antipaucity.com\/2012\/03\/03\/the-gold-standard\/#.YFzIdWgpCc4\">I shared an edited-for-readability chat<\/a> I had with a friend on the gold standard.<\/p>\n<p>In it I stated:<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>I&#8217;d <em>think<\/em> that it would be better to keep the mountains and valleys more stable \/ less high|deep, so that slowdowns aren\u2019t felt by a disproportionately small community\/niche of the economy, and so that speed-ups can have a \u201cgood neighbor\u201d effect to bringing some of the underperforming sectors \u2018along for the ride\u2019<\/p>\n<\/blockquote>\n<p>His previous question, &#8220;How can we be certain that\u2019s a good thing? Maybe the cycle of mountains and valleys is important, socially?&#8221; stood unanswered.<\/p>\n<p>I&#8217;ve become ever-more-convinced over the last nearly-decade that boom-and-bust cycles are <em><strong>mandatory<\/strong><\/em> for a healthy economic environment.<\/p>\n<p><em>Most<\/em> aspects of your life happen in boom-and-bust cycles (learning, muscle building, relationships, and on and on).<\/p>\n<p>Especially after watching the craziness of the covid19 responses over the last year+, I believe I can say with 100% certainty that organizations like central banks trying to drive the economy with monetary policy anf interest rate hi-jinks is universally bad.<\/p>\n<p>My economics professor years ago described the Fed&#8217;s job as &#8220;operating a bus by lying on the floor, looking at a mirror on the ceiling, watching out the back window &#8211; telling the driver to go &#8216;left&#8217; or &#8216;right&#8217; based on how far away from the double-yellow line you were 9 months ago&#8221;.<\/p>\n<p>Al Van Derzee was a smart man.<\/p>\n<\/p>\n<p>from antipaucity https:\/\/antipaucity.com\/2024\/01\/20\/bring-back-boom-and-bust\/<br \/>\nvia <a href=\"https:\/\/ifttt.com\/?ref=da&#038;site=wordpress\">IFTTT<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A dozen years ago, I shared an edited-for-readability chat I had with a friend on the gold standard. In it I stated: I&#8217;d think that it would be better to keep the mountains and valleys more stable \/ less high|deep, so that slowdowns aren\u2019t felt by a disproportionately small community\/niche of the economy, and so &hellip;<br \/><a href=\"https:\/\/merikebi.warrenmyers.com\/?p=81689\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">bring back boom-and-bust<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4],"tags":[95],"keyring_services":[],"class_list":["post-81689","post","type-post","status-publish","format-standard","hentry","category-blih","tag-antipaucity"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts\/81689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81689"}],"version-history":[{"count":1,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts\/81689\/revisions"}],"predecessor-version":[{"id":81690,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts\/81689\/revisions\/81690"}],"wp:attachment":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81689"},{"taxonomy":"keyring_services","embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fkeyring_services&post=81689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}