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That sounds reasonable, but aren't all of those mitigations for after the shit hits the fan? None of options will prevent a crash unless you can actually exerci
by tveita 9y ago
That sounds reasonable, but aren't all of those mitigations for after the shit hits the fan? None of options will prevent a crash unless you can actually exercise them pre-crash.
- JumpCrisscross 9y ago> aren't all of those mitigations for after the shit hits the fan? Not necessarily. Raising minimum wages or cutting certain taxes are examples of pre-emptive steps political systems can take to increase households' incomes. Making debt harder or easier to discharge, or raising or lowering policy rates, can be similarly prophylactic.