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No economy, healthy or otherwise can withstand being intentionally dismantled and the pieces burned to ash. If you order the world to stop production or trade
by vanniv 7y ago
No economy, healthy or otherwise can withstand being intentionally dismantled and the pieces burned to ash.
If you order the world to stop production or trade for an indefinite period, poverty and depression is the only possible result, no matter how healthy the production and trade were before being stopped
- Threeve303 7y ago> no matter how healthy the production and trade were before being stopped The economy had at least two noticeable and possibly systemic issues before Covid-19. The several yield curve inversions combined with funding problems in the repo market. We certainly hope for a V-shaped recovery but there is no telling what kind of issues have been attributed to the virus that may still be there when this passes.