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I'm not an economist, but it seems like the problem is a destruction of demand, so how does increasing supply help things?
by liminal 7y ago
I'm not an economist, but it seems like the problem is a destruction of demand, so how does increasing supply help things?
- JumpCrisscross 7y ago> how does increasing supply help things? Money supply. If you're a company who invested in a great workforce, and is getting nuked due to demand destruction, borrowing to keep paying them is a savvy long-term bet. If you can't borrow, you'll have to let them go. That not only creates human misery. It also destroys the human capital you carefully built.