A recession is purely a psychological problem. There just as much food, minerals, labour and resources as in boom times. It is just that everyone loses faith in the mad economic game and simultaneously pull in their horns, causing a collapse in productivity. No other animal suffers from an analogous foolishness of self-created shortages. Governments should cut spending and save in boom times so they will have a fund to spend lavishly in the next recession to prime the pump. However, they tend to do the exact opposite which exaggerates the swings.
~ Roedy (born: 1948-02-04 age: 61)