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Message: <blockquote data-quote="zand" data-source="post: 1481612" data-attributes="member: 85197"><p>I remember writing an essay way back in 1980.  The question was to find an economic policy that would stop boom and bust happening.  So hard to write without the internet as a resource, but my conclusion was that the best policy would be to simply level out the peaks and troughs a little (yep spending on infrastructure was one thing I included), not try to eradicate them entirely as we would end up in a worse mess with a longer recession period and no one having the feel good factor of the boom, therefore confidence wouldn't pick up as quickly as in the boom and bust days.  I was the only one in my group who thought that trying to stop boom and bust altogether was a bad idea.</p></blockquote><p></p>

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