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We've long been pursuing the supply side economics for far too long. Massive tax cuts and bailouts. Banks came back rather quickly after 2008. The citizens,
by bb88 7y ago
We've long been pursuing the supply side economics for far too long. Massive tax cuts and bailouts. Banks came back rather quickly after 2008. The citizens, well, it took a while.
I'm beginning to think that if businesses can't survive for 6 months in a catastrophe, maybe it's better that they die. Moral hazard, you know.
If businesses die, you still have the people to build more businesses. If people die, you'll have neither.
- RHSeeger 7y agoThat's an awful lot of people's life savings in their small business that goes poof. A lot of the businesses that can't survive are leaving behind people that are not capable of bringing them back, and people that won't be employed there afterwords.
- bb88 7y agoSo a lot of people's life savings have gone poof, not just small businesses.