Economy is cyclical, always either heading into a recession or coming out of a recession. A capitalist society requires constant money flow for expansion which is why interest rates are lowered during recessive times to stimulate expenditure and raised during peak to control expansion. World wars put spending into overdrive.
No. It’s bad for the economy.
You could not be more wrong
It’s bad for certain parts of the economy and it is dangerous for current rulers.
Economy is cyclical, always either heading into a recession or coming out of a recession. A capitalist society requires constant money flow for expansion which is why interest rates are lowered during recessive times to stimulate expenditure and raised during peak to control expansion. World wars put spending into overdrive.
To the wealthy, volatility is opportunity. Yeah, the market will go down for a while, and later it’ll go back up. Billionaires will cash in both ways.