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Killing jobs won’t help debt treadmills, either. It will likely have a cascade effect to many folks. We know a lot more about covid than we did 8 months ago. I

Killing jobs won’t help debt treadmills, either. It will likely have a cascade effect to many folks. We know a lot more about covid than we did 8 months ago. It’s reasonable to allow someone to measure their own risk. If that means they absolutely must work I support it. Philosophically I think there’s a great deal of reflection to be done but it shouldn’t force folks who are willing to accept the risk to abandon their routine.

mindslight 6y ago
Er yeah, my point is that we at least need to mitigate the debt treadmill (eg suspend all rent and interest) before it's sensible to talk about individuals being able to evaluate their own risk tolerance versus need for income. Ideally we'd slowly unwind the debt spiral in non-crisis times by raising interest rates and letting the various asset bubbles deflate (ie young people could buy houses again). Failing that it would be a long term benefit if the treadmill were allowed to lock up via defaults, although it would be painful in the immediate future. Realistically there's no political will to do any of this, but my overall point remains about the overarching structure of our society not being one based on voluntary association. Insisting individuals have a choice while they do not is Orwellian tyranny.