Recessions, boom or bust, whatever you want to call it, are part of the capitalist system. Except for the idiots, people always put a bit aside for the busts. It's called SAVING.

Nobody has found the perfect system yet, but the one in the West is the best; we at least have the opportunity to think for ourselves and use our own money wisely - or not.

Mostly disagree, Graham. The great depression was a recession that was made into the entirely unnecessary and horrific great depression by asinine republican (Hoover) austerity policy!

Monetary policy as a tool to control inflation is a sledgehammer used to drive a tack.

Most inflation has its root cause in energy costs, and this is where we could do something real and less harmful to the economy. In fact, the exact opposite.

Recessions largely only harm the less well-off and as a principle, drive wages and salaries down. And lead to virtual paid and unpaid slavery in the case of the great depression.

Trickle-down economics is the tool used to create recessions and in the long run just roots the economy and all who are slaves to it and madness!

We need a new deal based on sane Keysean economic principles to lift all in the economy and make it the slave that serves we the people, to the benefit of all, not just the better off sector!

Doing what you've always done and expecting a different result is insanity writ large!
Alan B.

At the moment we can think wisely and use our own money; but digital money - with tracking and control by government - is looming on the horizon.

Digital money is a looming disaster. Governments are not that good with computer systems that such a system would not be penetrated by scammers at some tine.

I use cash as a budgeting tool. I top up my wallet to a certain amount of cash each month, & that is my firm limit of discretionary spending for the month. If I run out of fuel, I don't drive until next month.

After my lady was caught with jewellery purchases in London from her debit card, after using it on line, we have a special internet account, into which money only goes to cover an immediate purchase. No payment from main accounts or any form of internet banking for these little black ducks.

This whole family will vote against any party that tries to implement digital money.

Obsession with dodging recessions? With their humungous immigration, Albanese and Chalmers have already locked in a severe "headline" (or per capita) recession, and they are bidding fair for the "technical".

I would say, they are obsessed with lying about the recession, not avoiding it as such. Recession is central to their economic plan, which is of benefit to the rich (and the migrants) but a negative for the ordinary punters.