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Mind boggling that someone could think that a month or two months shutdown "destroys the economy", but all Americans infected and several % dead doesn't "destro
by H8crilA 7y ago
Mind boggling that someone could think that a month or two months shutdown "destroys the economy", but all Americans infected and several % dead doesn't "destroy the economy".
- nostromo 7y agoWe’ve had one week of shut down in Seattle and there’s already been a huge wave of layoffs. Two months? It’s difficult to think what will happen. Economies don’t have a pause button. Companies, banks, and families quickly become insolvent.
- H8crilA 7y agoI agree, this clearly needs a govt bailout. Fed already rains liquidity into the treasuries like a madman, just wait till it buys corporates and God knows what else. Treasury should now simply guarantee salaries. The unconditional helicopter money is a good idea too. This will bridge the discrepancy between financial time (which has not stopped) and economic time (which is stopping, slowly, but has to come to a full stop). But at any rate, lives > economy. Only one of those is a renewable resource.
- 6nf 7y ago> lives > economy. Only one of those is a renewable resource. Not sure I follow. Are you saying the economy is not a renewable resource? Cause I'm creating a new life as we speak.
- xeromal 7y agoIf we're going to be frank, I doubt 70+ year olds are contributing to the economy in a huge way.
- H8crilA 7y agoWe live in a deflationary environment (just look at what are the interest rates doing, world-wide). There's no supply problem, there's a demand problem. "Killing Boomers" will actually make things worse.