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For want of an equally familiar term, "trickle down" is all I had. Apologies if it is critical sounding. The crisis will end with sky high unemployment, no con

For want of an equally familiar term, "trickle down" is all I had. Apologies if it is critical sounding. The crisis will end with sky high unemployment, no consumer saving but massively increased personal debt. To raise the deficit solely so companies can make twice as many widgets with half the employees would be the worst possible response. And even this assumes supply side policies do what they claim.

bhupy 7y ago
> The crisis will end with sky high unemployment Nobody knows this for sure. At the moment, the official policy of the Federal (and most State) government is forced unemployment: a planned shutdown of the economy. To accommodate this, the CARES act includes $2400/month (on top of State UI) unemployment insurance, and that’s not even including the flat $1200 check. If you live in Minnesota, you’re looking at $5,360/month (!!!). The full state breakdown can be seen here [1]. In every state, the unemployment insurance is higher than the median wage. Businesses know this, and are proactively laying off their employees so that they may collect this benefit, with the intention of hiring them back once the planned shut-down ends. This can only happen if the businesses stay solvent, hence the corporate bridge loans. [1] https://imgur.com/a/AifRmdD https://imgur.com/a/AifRmdD