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> government can and will step in to stabilize demand. As much as they can. Government debt at all levels across Europe and the Americas was out of control be
by nate_meurer 7y ago
> government can and will step in to stabilize demand.
As much as they can. Government debt at all levels across Europe and the Americas was out of control before the epidemic, especially in the U.S. This crisis will lead directly to waves of state/sovereign defaults.
I should say I'm optimistic about the pandemic itself. I firmly believe the morbidity and fatality rate will drop sharply as it spreads, even where medical systems are poorly prepared.
I think the economic effects will end up being the bigger concern.
- deleted 7y ago[deleted]
- Bubbadoo 7y agoPrior to the pandemic, Government spending was out of control. Considering we were/are paying billions for an already obscelete border wall and our defense forces (ironically totally defenseless against the C19 enemy)are soaking up almost a trillion$ of our national budget, it may be time for the our fearless leaders to re-prioritize.
- woodandsteel 7y agoQuite true, the federal deficit has skyrocketed under the Trump presidency.