I use the example of forest fires. Small forest fires keep large forest fires at bay. But if you prevent small forest fires then it just leads to large forest fires.
System's problems were regularly removed from the economy when we were on Gold standard (like run on the banks etc). Then Federal reserve gets a hold and they start putting out these 'small fires' and it just leads to large uncontrollable depressions.
System's problems were regularly removed from the economy when we were on Gold standard (like run on the banks etc). Then Federal reserve gets a hold and they start putting out these 'small fires' and it just leads to large uncontrollable depressions.