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We can print more money, but we cannot print the things the money will buy. When the factories shut their doors and busineses small and large collapse and the f
by makomk 7y ago
We can print more money, but we cannot print the things the money will buy. When the factories shut their doors and busineses small and large collapse and the food supply chain implodes, you can't eat money or shelter from the rain under money - and all that turning the printing presses up will do is to make it clear to everyone just how unreal money actually is. We know from other countries that's really hard to undo.
- sixothree 7y agoAnd if those people are dying in droves? What then, who makes these things?
- makomk 7y agoThis isn't the Black Death. People aren't dying in numbers that would affect the overall workforce size. It's more like an unusually bad flu epidemic - the main differences being that the deaths are more biased away from people who aren't working anyway, and that we don't shut down the planet over the flu. There might be good reasons to lock down heavily, but that's not one of them.