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I get we've been cooking the books and printing money during COVID, but shouldn't there be a raw productivity explosion in the US economy with COVID restriction
by AtlasBarfed 4y ago
I get we've been cooking the books and printing money during COVID, but shouldn't there be a raw productivity explosion in the US economy with COVID restrictions lifting? Suppressed consumption, increased output, etc?
This does seem like some weird massive manipulation of the economy by the elites to grab more wealth and control. Or it's just some collective revenge against the various antiwork / worker empowerment / etc that came out of COVID to put the proles back in their place.
Or maybe its just that a lot of investment dollars are drying up from overseas with inflation.
- SkipperCat 4y agoTotal consumption did not change with Covid, it just went from one part of the economy to another. Kind of like squeezing a balloon - same amount of air, just in a different part of the vessel. As for the massive amount of manipulation, that was done in plain sight. The fed had injected $$$ and low interest rates into the economy since 2009 and finally the spigot stopped.
- Macha 4y agoDid COVID suppress consumption or just redirect it? Less restaurant meals and more PS5s, and now the pendulum swings the other way as people socialize in person again.
- mrtranscendence 4y agoGood question, I suppose. I work in the grocery industry and COVID was absolutely incredible for business -- my yearly bonus doubled. Wouldn't have wanted to own a bowling alley or a movie theatre, though. That said, we never corrected to the degree the tech industry seems to be now. I'm glad I never followed through with those Facebook recruiters ...
- mensetmanusman 4y agoThere is no conspiracy, just muddling along as humans do.