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Well of course it is. The market will rarely screw itself over so much that businesses are forced to stop at once. If anything, this 'recession' shows the scar
by tathougies 7y ago
Well of course it is. The market will rarely screw itself over so much that businesses are forced to stop at once.
If anything, this 'recession' shows the scary power of the government, and of authoritarianism. With the stroke of a pen, the government of the United States and its states can inflict economic damage worse than any market-based recession. That is truly scary.
Of course, in this case, this temporary suspension is probably worth it, but it is an easy counter argument the next time someone attempts to explain why government economic control would lead to fewer recessions and depressions than the market.