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We aren't "stuck" in a recession. It is entirely man-made. In the past, a recession was significant because it was a market indicator. Now, however, this recess
by joshuaheard 6y ago
We aren't "stuck" in a recession. It is entirely man-made. In the past, a recession was significant because it was a market indicator. Now, however, this recession is artificial, so it does not indicate any market defects.
I believe we will have a V-shaped recovery and we will get back to normal soon. In a market-based recession, the fear is how to get back to normal. In this artificial recession, there is no fear, we just end the lockdowns. The only issue is when.
It's like growing your lawn. If your lawn starts dying, and you don't know why, that is like a market-based recession. However, if you turn off the irrigation and the lawn starts dying, all you have to do is turn the irrigation back on.
- tsimionescu 6y agoIf we get rid of all of the lockdowns, and force people to act as if everything is normal (they won't) how will we handle the millions of people dying?
- warkdarrior 6y agoOn the plus side, the few left alive will be able to command any salary they wish for.
- twblalock 6y agoDo you honestly think that the lockdowns saved lives, rather than simply delaying deaths for several months? Keep in mind that the lockdowns are merely a rate limit, not a cure. We are already in an uncontrolled situation re: covid. We are not seeing millions of deaths. In most parts of the country literally nothing is being done, yet we are not seeing bodies piled up in the streets.
- freeone3000 6y agoLockdowns prevent disease spread when actually implemented. The US never bothered with an actual lockdown, and instead did arbitrary, self-enforced partial closures. These half-measures predictably slowed the spread, but did not stop it. US is at 181,000 deaths total and 1500 deaths per day (which is increasing). Canada fully locked down for two months, and is at 0.8 deaths per day, and decreasing. Canada will have saved lives. The US did not. As for "no bodies in the streets": This is a long-lasting disease, you're sick for days before you die. People don't die in the streets, they die in hospitals and they die in their homes. The bodies are piled in morgues and refrigerator trucks.
- freeone3000 6y agoSame as we do every year? It's not an economic problem for a few million people to die. Even if tens of millions die, we can make up the labor market shortage with immigration. The issue is that we shouldn't cause millions of people to die for rich people to make more money.
- joshuaheard 6y agoI'm not arguing we should not lock down. I'm saying, we can lift the lockdowns anytime we choose, and we have removed the economic defect.