Quote:
Originally Posted by ButtsecksMan  The US economy goes through a economic cycle once every so many years, if the economy starts to get too high the greater the fall so the government basically imposes a recession to prevent the greater fall. Look back at history, in the 1920's the economy was booming, but then it came to a sudden crash and we went into the Great Depression, without controlling the peaks and lows of the economy the government risks having great falls such as that. |
The United States is not near old enough to even consider that it goes through regular economical cycles.
In reality the government doesn't view the Great Depression as a bad thing. It provided many Private Enterprises, and organizations such as the Federal Reserve, the ability to buy up competitive banks and businesses (for pennies on the dollar - ripping the average private owner off). Thus eliminating competition for the most part. Free country, yes. Enslaved in debt and materialistic desires, as well as driven by self-centered motives, for the most part.
