OK, but as I already mentioned, reducing inflation isn't the only beneficial effect of recessions. More info:Achieving a soft landing means that consumer and business spending has slowed enough (due to the cost of borrowing getting too expensive for too long) to reduce inflation without significantly increasing unemployment. Cooling down an overheated economy (too much spending) without putting millions of people out of work.I don't know whether or not the beneficial effects of recessions (like the ones I mentioned, and there are others) are fully realized in a soft landing. For all I know, it's a case-by-case thing. If you know of an objective and conclusive assessment of that, please cite it.Pretty sure that's the intent of a "soft landing".Recessions are also known to have some positive effects (such as reducing inflation, or forcing discipline on companies with poor business plans). If you can invent and implement a way to get the positive effects without the negative ones, you could win a Nobel prize.
https://www.stlouisfed.org/open-vault/2 ... to-look-at
https://www.brookings.edu/articles/what ... t-landing/
https://www.investopedia.com/ask/answer ... itable.asp
https://www.investopedia.com/articles/e ... ssions.asp
I can see where a soft landing might achieve some of those benefits, to some degree. I didn't see anything in your cited articles that says a soft landing provides all of the benefits, and to the same degree, as a recession.
As with rain, I can dislike the unpleasant effects while appreciating the positive ones.
The same is true in the mirror image: when the economy is booming to the point of proliferation of poor business planning and other rampant irresponsibility, I can dislike the unpleasant effects while appreciating the positive ones.
There's a symmetry in that.
In the end, once the process of the artificial boom in the economy by the issuance of credit is set in motion, then the ensuing bust and recession are indeed inevitable. But this does not mean that recessions are always and generally inevitable, other than after episodes of inappropriate creation of money and credit.
Statistics: Posted by HanSolo — Wed Jul 10, 2024 11:14 pm