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We’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 d
by nostromo 7y ago
We’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.