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> It's true that the current measures put the economy on freeze mode but really even if businesses are closed down temporarily, no assets are lost. Even if the
by Exmoor 7y ago
> It's true that the current measures put the economy on freeze mode but really even if businesses are closed down temporarily, no assets are lost. Even if the stock market contracts sharply, after this is over the planes are still in the hangars and the restaurants still exist.
Of course this is true, but was it any less true of any of any major recession or depression in the last 100 years? It's not like the 2008 recession was caused by a major drought/famine or war. There were plenty of assets then, but they just sat unused because the system had broken down so much that people couldn't or wouldn't use/purchase them.