Thats not what the Austrian school thinks

anyways

But i'm pretty sure thats wrong

he was against central banking

The free market doesn’t handle the system perfectly because no system can. There are always positive feedback loops.

doesn't exist

If a price of anything goes up, people will buy it because they assume it's likely to go up more. That's a positive feedback loop.

Yeah that was said for deflation too

which was not the case as 90% of the time deflation happened no recession did

It's inherent to a capitalist system. The benefits of capitalism far, far outweigh the negative effects of these feedback loops, but you can't remove them entirely by taking away *anti*-cyclical forces.

No it does not my dude

Boom and Bust cycles

Are not inherent

they are artifically created by manipulation of interest rates

and central planning

Capitalism is the best economic system ever created

<:Thonk:475770135181787138>

Yes and it doesn't have recessions

Every recession has been through the state intervening

A free market doesn’t

It has depressions 👍

mhm which is a capitalist country

all depressions were created by the state

Socialism is a constant depression tho

'29 , '73

‘08

Just list every recession date

<:FootThonk:497048558260977694>

and you have it

I can't list one that was caused by a recession

But let's take your word, and say one naturally comes about

Socialism isn’t a constant depression what

it would be solved instantly through the free market

It's a metaphor

he means the QoL is depressing

and shitty

What the heck

You're just spooking now

I’m pretty sure he doesn’t know what QoL is no offense

Jk ily