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[–] CanIHazPhD ago 

causally explained by a central bank. not the rest of the economy.

Obviously, no government would lead it's own country to recession, that's why they operate with inflation and take pains to keep it in check.

1920 crash. It's not an endless spiral because of the same reasons you fail to grasp. Deflation only ends in recession briefly to liquidate misallocations from the inflationary policies of your kind.

And 2008 crash, too. And other countries crashes. Recessions are brief because people have incentives to get out of them, not because they "liquidate misallocations", what are you blabbering about.

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[–] CanIHazPhD ago 

"I bet there are..." Strong argument there.

And inflationary policy is not to stop recessions, it's to promote growth and prevent recessions.