this post was submitted on 22 May 2023
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askchapo

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Why do we all live our lives just assuming the market will always rebound once it takes a downturn? (hexbear.net)
submitted 2 years ago by Hohsia@hexbear.net to c/askchapo@hexbear.net
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I’m clearly no economist so maybe I’m missing something obvious, but I cannot wrap my head around why so many believe that the market is just some sort of fundamental, unchangeable property of the universe that is and always will be. Why do we assume that the dollar will always be valuable?

I could be incorrect, but it seems like there is no guarantee that there will be a rebound after a crash (see: 2008). It more so just seems like parts of capital crumble and become inaccessible to people who once had access, thus causing complete inaccessibility for all who come after.

So, boom and bust seems like the greatest misnomer of all time.

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[–] ClimateChangeAnxiety@hexbear.net 1 points 2 years ago

It also likes to stick around without reacting with stuff. Leave aluminum around too long and it starts to turn into dust.