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A vicious circle will continue in the direction of its momentum until an external factor intervenes to break the cycle. A well-known example of a vicious circle in economics is hyperinflation . When the results are not detrimental but beneficial, the term virtuous cycle is used instead.
Among the further results of these events, fewer local taxes are collected in a time when more social services is required and a vicious downward cumulative cycle is started and a trend towards a lower level of development will be further reinforced. A status of non-equilibrium is shaped, or as he writes:
Reich argues that inequality in capitalism is a necessary incentive for citizens to work harder, but at a low-enough level to where democracy is protected and it's in a "Virtuous cycle;" with high-enough wages and taxes, there will be more investments in government programs, a more college-educated population, and consumer spending creating ...
Young people are caught in a vicious cycle whereby they can’t work because of their poor mental health and their mental health is deteriorating because they can’t work, according to the ...
If the White House's economic recovery program – the $787 billion stimulus plan -- and the Fed's near-zero interest rates were working better, we would see robust job growth and rising prices.
"It does contribute to this kind of vicious circle in terms of prices for Americans and a virtuous circle in terms of profits for companies." In 2018, when Trump imposed tariffs on washing ...
A non-vicious regress is called virtuous or benign. [5] Traditionally, it was often assumed without much argument that each infinite regress is vicious but this assumption has been put into question in contemporary philosophy. In most cases, it is not self-evident whether an infinite regress is vicious or not. [5]
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