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But what if you had an artificial cessation of economic activity which then suddenly resumed in the midst of a massive fiscal stimulus, unprecedented supply cha
by Gatsky 6y ago
But what if you had an artificial cessation of economic activity which then suddenly resumed in the midst of a massive fiscal stimulus, unprecedented supply chain disruption and geopolitical manipulation of free trade?
- throw0101a 6y agoWe're about to find out. The traditional thing to do is raise interest rates when things start getting hot. But having "too much" economic activity is in some ways better than not enough with people being unemployed and such.
- imtringued 6y agoThe big problem with too much economic activity is that there is too much economic activity in the wrong places. After WW1 that meant lots of basic needs could not be met because the economic focus was on war reparations. I don't think we are going to lack those basic needs this time around.