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> There was no reason for any business to go bankrupt while a proper lockdown was implemented What does this mean? That the Fed will just print money to cover
by umvi 6y ago
> There was no reason for any business to go bankrupt while a proper lockdown was implemented
What does this mean? That the Fed will just print money to cover every business expense of every business during "proper" lockdowns? That seems like a terrible idea.
- karmicthreat 6y agoIsn't that exactly what the fed is doing for the wealthy right now by buying up the bond market? They are creating a furious amount of money currently with no end in sight. But if you are a smaller business you are just going to be left to rot.
- colinmhayes 6y agoIt means we should've pulled a China and shot people who tried to leave their house for a month. Then we wouldn't be in this situation.
- hotz 6y agoWow
- colinmhayes 6y agoI now truly believe that enough people are too stupid to be trusted to make good decisions.
- raverbashing 6y ago"Just print money" Yeah maybe they will have to buy less hundred dollar toilet cover for the military, or less last generation missiles, I think that should be more than enough to pay for it. Or maybe less subsidies for the oil industry.
- liability 6y agoIt's amusing that you think $100 for a toilet is wasteful, when that's about as much as a cheap toilet would cost at Home Depot. I don't think you've ever bought a toilet if you think that's too much to spend on one. Toilets that cost 2-3 times that are not uncommon.
- raverbashing 6y agoActually I was underestimating it https://www.washingtonpost.com/business/capitalbusiness/the-air-forces-10000-toilet-cover/2018/07/14/c33d325a-85df-11e8-8f6c-46cb43e3f306_story.html https://www.washingtonpost.com/business/capitalbusiness/the-...
- liability 6y agoCustom low volume parts are more expensive than off-the-shelf parts, who knew. Looks like they've since found a low cost alternative.