2 ms·
"eduction in economic activity preceded lockdowns." In Montreal, the coffee shops were almost empty when the PM's wife was diagnosed, some time before the offi
by jariel 6y ago
"eduction in economic activity preceded lockdowns."
In Montreal, the coffee shops were almost empty when the PM's wife was diagnosed, some time before the official shut downs.
It may very well be that social interaction is only partly controlled by 'shut downs'.
I suggest that there is probably a 'form of staying open' that would actually limit COVID spread, and that if the communications used by government were more effective (i.e. 'instead of going to the coffee shop, make sure to buy coffee takeout) - we may have been able to 'have our cake and eat it' which is to say keep the economy running while limiting infections.
The economic shock is real, I don't think people realize how upside down our system is right now. We've been basically avoiding total social meltdown by printing money out of thin air in historical proportions.
If we don't play our cards right, and we screw this up, it will be 'Weimar Republic' all over again and things could melt down very badly. Someone much worse than Trump will come along and take advantage of that.
Have a look here [1]
In 10 years the US Fed has gone from 800B in assets to 7 Trillion. It's very scary.
[1] https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren...