Single mention - but good to see it in this context.
YES, RECESSIONS HAPPEN — BUT THEY SERVE PURPOSE
Howard Lindzon
2012-11-18
http://www.utsandiego.com/news/2012/nov/18/tp-yes-recessions-happen-but-they-serve-purpose/...
No matter which drugs our government and Federal Reserve offer the financial system, business cycles just happen. Recessions act to clear the financial system of the excesses and lead to reallocation of capital.
Sure, we saved Bank of America and Citibank, but Dwolla, Square, Angellist, Strype, Bitcoin and many thousands of startups in the financial sector were created by entrepreneurs and investors fed up with a broken system.
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