• debt ⪢⪢
is because it allows us to consume more than we produce when we require it and it forces us to consume less than we produce when we have to pay it back. #economy
○○○ swing ⪢⪢
swings occur in two big cycles. One takes about 5 to 8 years and the other takes about 75 to 100 years. While most people feel the swings, they typically don't see them as cycles because they see them too up close - day by day, week by week.