>Such an economy could avoid the instability of our current economy with its cyclical booms and busts.
From what I understand (not an economist, but quoting what I've heard from them), much of the boom-bust cycle can be dampened by limiting debt.
From what I understand (not an economist, but quoting what I've heard from them), much of the boom-bust cycle can be dampened by limiting debt.
COVID got us, but that did have a physical reason behind it.