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What is interesting is that how much of the economy would have to lose most or all revenue for this model to work. Shrinking GDP is very hard to pull off.
by indymike 6y ago
What is interesting is that how much of the economy would have to lose most or all revenue for this model to work. Shrinking GDP is very hard to pull off.
- Gnarl 6y ago"Shrinking GDP is very hard to pull off". Isn't that what's happening right now? With govt's carpet bombing their economies through lockdown?
- ben_w 6y agoI wouldn’t describe a contagious deadly global pandemic as “easy”. Even despite the current situation, there are many people desperate for a return to the economic status-quo.
- Nasrudith 6y agoYou know what is bad for GDPs? A goddamned pandemic. It was clear from the start that it is a false choice and even going full delusional moron and having no restrictions would still result in a GDP crash and more so long term. Nobody wants to tour the plaguelands but the narcissistic norm-worshippers are obsessed with sunk cost justifying the worst possible decisions.
- guenthert 6y ago> Shrinking GDP is very hard to pull off. ??? We easily managed this year.
- marcusverus 6y agoWe (in the US) had to add $3.3 Trillion in new debt spending to stave off an economic disaster. That's not what I'd call 'easily managed'.
- KMag 6y agoToo many years of declining GDP, and the government becomes a credit risk, forcing it to pay higher yield on the bonds it issues. Running government services on a balanced budget while GDP is still declining is tough. Shrinking GDP one year is much different from it becoming the norm.
- fleischhauf 6y agoI wouldnt call a global pandemic easy..