From interfluidity: Depression is a choice (Yes, it’s a lower cost for freedom than the alternatives.)
On interfuidity, Steve Randy Waldman writes:
We are in a depression, but not because we don’t know how to remedy the problem. We are in a depression because it is our revealed preference, as a polity, not to remedy the problem. We are choosing continued depression because we prefer it to the alternatives.
That’s true. We are in a depression because further empowering the state to interfere in our lives is a higher cost than weathering the depression. And it is CHEAPER to disempower the state now, than it would be by alternative, more physical means.
A depression that deprives the state of power, is a cheap way of buying freedom.
Usually we have to risk our lives, not our pocketbooks.