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But there are also fewer constraints on the forces that can cause booms to feed on themselves.
But, according to Schumpter, any innovation naturally causes booms and busts, because every new product market generates some uncertainty.
And in Kentucky, Rand Paul has argued that the Fed is devaluing the dollar and causing boom-bust cycles through its easy-money policies.
An American and a Norwegian economist were awarded the Nobel in economics yesterday for their efforts to demonstrate that innovative technologies and shocks, like a sharp increase in oil prices, play a much greater role in causing booms and recessions than fluctuations in demand.
One of the main downsides to controlling money this way is that it causes booms and busts, hyperinflation and unemployment.
Claims MP3s will revive the singles business and cause a boom in catalogue sales.
The two trends combined to cause a boom in ramen culture and noodles soon rivalled rice as the national carbohydrate.
If Greece goes back to the drachma, that'll probably cause a boom in tourism, because property prices will collapse.
A set of very real technology issues -- PC's, cellular, the Internet -- that should cause a boom, coupled with overreaction and kind of overexuberance, and then throw the Y2K buying on top of it.
High inflation - as Gordon Brown used to remind us when he was chancellor - is also a cause of boom and bust in the economy.
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