[no-to-illegals]

My humble opinion is economies run in cycles from bad to good then bad to good. Additionally, all nations have self-interest or all nations governing bodies have self-interest regarding maintaining power and control over their populations. Couple with trade policies, which are unfair to one nation or another, minus global monetary ebb and flow regarding distribution, couple with necessary resources for required growth, minus advisers who do not fully understand a global economy, as all nations have always been subject to, couple with greed of governments, minus those who are betrayed, by treaties, and those who believe betrayal subjects them to a lower standard of living, couple with over regulation, minus actual global policy, couple with loss of control by some governments to formulate control over their populations, and the result is what has always been and will always be chaos regarding economics globally. To solve the problems associated with global policy always requires more pie given than those who hold that piece of the pie are willing to surrender and always eventually leads to the unthinkable. I believe it is a vicious circle which has no beginning or end, but is rather a continuance of bad to good, good to bad. Regrettably, bad eventually rules the day, as history teaches. Also believe there is no solution unless governments are willing to declare jubilee, then there will be those who played by the rules who receive the shaft while those who did not play by the rules get the gold in the mine. This always leads one back to square one. (imho)

[CitizenUSA]

no-to-illegals: “Also believe there is no solution unless governments are willing to declare jubilee...”

That has to be the worst idea I have ever heard.

jubilee: “In the Hebrew Scriptures, a year of rest to be observed by the Israelites every 50th year, during which slaves were to be set free, alienated property restored to the former owners, and the lands left untilled.”

[UnChained]

Well my humble opinion is that there are NO business cycles save one, an annual cycle driven by the seasons.

The rest is driven by the ebb and flow of policies of governance, emerging technology, war and various other issues driven by human choice.

The fact that we have gone from wise to stupid in the way of monetary policy may be a recurring phenomenon but it isn’t cyclical. Human choices aren’t inevitably governed by a cycle.

Rather than holding a fatalism that is engendered by the belief in cycles in human behavior, I prefer the optimism that people can get a clue and keep it for thousands of years perhaps.

Teach your children well.