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It's naive to pretend that when supply goes down and demand goes up, prices don't go up as a direct result. Printing money also causes prices to go up, as does
by shkkmo 5y ago
It's naive to pretend that when supply goes down and demand goes up, prices don't go up as a direct result.
Printing money also causes prices to go up, as does war.
Anyone thinking that the problem was that we didn't give people enough money, hasn't taken a look at the explosion in homeless population throughout the country. People are still hurting and it is obscene ti complain that your savings account is worth slightly less when people don't have have a roof over their heads due to the worst pandemic in a century.
- torstenvl 5y ago1982—present is within the last century and has had a death toll of 36.3 million so far. I think your position could improve from some grounding and perspective.
- valleyer 5y ago(You seem to be referencing the AIDS pandemic.) In terms of deaths per year, that's far smaller than COVID-19, whose death toll over two years probably lies somewhere between the 6 million official number and the over 20 million "excess deaths" counted by The Economist. https://www.economist.com/graphic-detail/coronavirus-excess-deaths-estimates https://www.economist.com/graphic-detail/coronavirus-excess-...
- deleted 5y ago[deleted]
- shkkmo 5y agoYou'd possibly have a point if we were discussing long term medical research h funding priorities. We aren't. We are discussing acute economic phenomena. It that context, covid it absolutely the worst pandemic in a century.