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Università Sapienza, Roma, Italy

ABSTRACT

Economic cycles are not economic evils but rather healing agents for returning to equilibrium, just as inflation and deflation are not economic misfortunes but the sign of bad governance and a bitter medicine for returning to calm monetary. Unfortunately, signs of poor governance are mistaken for unfortunate events, but are instead tools offered to restore economic systems. Politics seeks consensus and does not accept the bitter cure of recession. Monetary policy is therefore called into question even if monetary anomalies also depend on errors in the management of the economy; the result is the gradual increase in interest rates. Is the idea that we can achieve the goal of complete neutrality with nature acceptable in a global economic framework pervaded by inflation and denunciation? Can we similarly argue that economic problems can coexist once the goal of neutrality has been achieved? The answer is negative. We must correct these anomalies and dysfunctions of the economy, which cannot coexist in the new context of complete and indefinite equilibrium of tomorrow. And not even the idea that conflicts can be resolved with war seems to find a place in the renewed scenario of neutrality. In this regard we can remember that, when we have reached the economic optimum of complete neutrality, or at least we are close to it, the most socially and economically advanced territories and continents will benefit from an acceleration of productivity and development. Scarcity itself will give way to the new, long-awaited reality. A condition that approaches the state of abundance and which will produce surpluses to be allocated to countries and territories that are struggling towards the condition of neutrality. The acceleration of lagging continents and the recovery of altered economic systems are therefore preconditions that can allow us to access the state of global neutrality. As we get closer to the great objective, it is to be believed that the pretense of regulating conflicts through war will also disappear. With the new reality of abundance, the economic reason for war disappears, while the aspiration of peoples—inscribed in their DNA—for solidarity and peaceful aggregation towards substantial unity becomes clear.

KEYWORDS

monetary policy, conjunctural cycles, economic sustainability, neutrality as goal, continental aggregation

Cite this paper

Economics World, Jan.-Mar. 2024, Vol.11, No.1, 1-16 doi: 10.17265/2328-7144/2024.01.001

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