October 18th, 2010

mourning

Is it just me, or is "lack of growth, but no negative growth" being considered "recession" now?

Is it just me, or is "lack of growth, but no negative growth" being considered "recession" now? Sounds stupid to me, if so. Because we can't keep growing indefinitely. Even if we expand out into outer space, all over the galaxy and beyond, eventually we are going to run out of ability to grow the economy. So why can't we consider "no growth either direction" to be good enough?

Not saying we're at that point yet, because there did seem to be a huge uptick of negative growth at one point, but from some comments people were making it gave the impression that the only good state for the economy, in their opinion, was positive growth. That in their opinion, anything other than expansion and growth was BAD and a recession.

Crossposted from http://fayanora.dreamwidth.org