Quote:But it is unavoidable in a highly developed society.
Well that makes no sense at all.
The developed world economies might disagree
Name the ones that think digging a hole and filling it up is productivity.
Your so-called "digging of the holes" are the result of a million and one factors. Many outside the scope of government. Unregulated banking is a one major cause. Over regulated banking is another. Doing nothing doesn't relieve any suffering. And we don't have good data that "doing nothing" will pull is out of any recession at all.
Nothing like a good old fashion Keynesian tax cut to get us back on our feet.
Digging a hole and filling it in is doing nothing.
You people that think more government intervention is good are lunatics.