We know more about cycles today then in the 1990s

The Greenspan rate cuts

The Federal Reserve will likely cut interest rates when it announces its latest monetary policy decision later this afternoon. It will be the Fed's third cut this year and its third cut in as many meetings.
In his preview of Wednesday's events, Yahoo Finance's Fed correspondent Brian Cheung broke down how some Wall Street economists have harkened back to the mid-90s rate cutting cycle as a guide for the Powell Fed.

Adaption result when one looks back and sees the pattern.

 Today we can look back and see both the monetary cycles and the recession cycle.  But more than that we can see the small state cycles as many small states go extinct.  With the additional past knowledge the future knowledge is better hedged.

Not only that, we know more about economics, way more, then we knew ten or forty years ago.

The answer to why we cycle is simply that we are a republic not a proportional democracy.  Extending that fact to alternating eight year budget cycles between parties explains the rest. The solution is the Constitutional Adjustment Act, simply pay off the Senate up front to compensate. We know that works because Coase still stands, it survives the new economic theory.  The new economic theory is simple, we do not like to wait in line.