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You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemp

by abduhl 4y ago

You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? You can argue that it was necessary to prevent an economic recession, but that argument is a bit hard to take seriously as our economy currently enters recession territory.

tablespoon 4y ago
> You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? 1) The US could have pursued a COVID policy of “Kill Grandma, Save the Dollar,” and still had supply chain issues. We live in globalized economy, and China's COVID policy is just as significant to the supply chain as the US's (or even more so). 2) Even if the US's COVID policy did cause inflation, a policy along those lines may have still been the right one, given the circumstances. People monomanically focused on one or a few metrics (like inflation) usually advocate shit policy that's bad for everything else.
hourago 4y ago
> You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? The supply chain is affected way more by what China does than by any other country. I do not think that supply chain and inflation problems are just happening in the USA but world wide.
Hammershaft 4y ago
I wouldn't be so confident on pinning US COVID policy as the root of supply shortage issues consider supply shortages and soaring costs are currently worldwide problems; Other causes have been cited more commonly by economists & institutions. https://m.youtube.com/watch?v=b1JlYZQG3lI https://m.youtube.com/watch?v=b1JlYZQG3lI
throwaway0a5e 4y ago
It certainly didn't help the supply chain. I think the shock to the economy did more to affect people's perception of things in a self-fulfilling way than it did directly.

by abduhl 4y ago

tablespoon 4y ago

> You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? 1) The US could have pursued a COVID policy of “Kill Grandma, Save the Dollar,” and still had supply chain issues. We live in globalized economy, and China's COVID policy is just as significant to the supply chain as the US's (or even more so). 2) Even if the US's COVID policy did cause inflation, a policy along those lines may have still been the right one, given the circumstances. People monomanically focused on one or a few metrics (like inflation) usually advocate shit policy that's bad for everything else.

hourago 4y ago

> You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? The supply chain is affected way more by what China does than by any other country. I do not think that supply chain and inflation problems are just happening in the USA but world wide.

Hammershaft 4y ago

I wouldn't be so confident on pinning US COVID policy as the root of supply shortage issues consider supply shortages and soaring costs are currently worldwide problems; Other causes have been cited more commonly by economists & institutions. https://m.youtube.com/watch?v=b1JlYZQG3lI https://m.youtube.com/watch?v=b1JlYZQG3lI

throwaway0a5e 4y ago

It certainly didn't help the supply chain. I think the shock to the economy did more to affect people's perception of things in a self-fulfilling way than it did directly.