8 December 2011 - economic cycles

To smooth out economic cycles, the correct time to borrow more money is during the downturn, when people and banks both become risk-averse, and the correct time to pay down debt is during the boom when people feel safe and want to borrow more to get ahead while they can. In other words, voters and macroeconomics are mortal enemies and must be separated.
— another reason that democracy will fail so I can become King of the World