4 ms·
> How do we avert currency collapse without removing the safety net? I don't think we do. We're in the coffin corner[1] where stability becomes impossible. [
by topspin 5y ago
> How do we avert currency collapse without removing the safety net?
I don't think we do. We're in the coffin corner[1] where stability becomes impossible.
[1] https://en.wikipedia.org/wiki/Coffin_corner_(aerodynamics) https://en.wikipedia.org/wiki/Coffin_corner_(aerodynamics)
> All I can think of is rapidly reducing the military budget
Parts of the military budget are clearly safety net. Angry veterans are a classic source of violent protesters/insurrectionists/revolutionaries.
Arguably most of the military budget is social safety net. Cutting it would blow up a lot of lives.
- boppo1 5y ago>Arguably most of the military budget is social safety net. Cutting it would blow up a lot of lives. I thought I had implied that, but reading again, I was not clear. We agree.