Should Recessions Be Feared & Avoided?

ZeroHedge

man-great-depression

“Indeed, there is no reason to fear recessions or to intervene in them. They represent a healing process. Only by liquidating the malinvestments of the boom and rearranging the economy’s structure of production as quickly as possible to the actual wishes of consumers can a sound recovery be achieved.”
 “Economics must not be relegated to classrooms an statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man’s human existence.”
Murray Rothbard, libertarian economist, historian and political and ethical philosopher
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