4 ms·

I feel like this cost is being badly underestimated.

• cultus 7y ago
  I would be quite surprised if this doesn't turn into a depression. The Fed has essentially already exhausted their options, and we're only a week in to this. Fiscal policy is the only real policy remedy, and capitalists hate that.
  • mrosett 7y ago
    I think there's a sense that this time it's different. When you lose your job because the government decrees that your company shut down... well, it seems pretty clear that the government should have to help.
    • UncleEntity 7y ago
      They seem to be falling all over themselves trying to help since (almost) everyone thinks it isn't such a good idea to send all the old people off to the woods to get eaten by wolves. Probably the one time in human history the evil bankers can actually point and say "it wasn't us this time, really!!!"
  • matwood 7y ago
    > Fiscal policy is the only real policy remedy The only real remedy is economic activity. That can't happen until people can start spending money again. There is a huge opportunity in thinking about when things go back to normal, what things will remain permanently changed.
    • TeMPOraL 7y ago
      > There is a huge opportunity in thinking about when things go back to normal, what things will remain permanently changed. I started a thread about that the other day; let's collect some more ideas: https://news.ycombinator.com/item?id=22587052 https://news.ycombinator.com/item?id=22587052.