3 ms·
>The simple example is that we can't go around breaking windows to stimulate the economy. Sure, the window manufacturer and the window replacement companies mig
by minikites 7y ago
>The simple example is that we can't go around breaking windows to stimulate the economy. Sure, the window manufacturer and the window replacement companies might benefit, however that money which went towards the window could have gone elsewhere.
The "windows" in this metaphor are already broken by the coronavirus. Our only choice now is how soon to fix them and which windows get fixed first.
>Unless they are keeping it in their mattress, that money is deposited in banks, which loan out the money for capital improvements
This isn't borne out by evidence, banks refused to lend during the 2008 recession.