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Things are probably just going back to normal. Companies went on hiring binges while unprecedented cash was pumped into the economy and interest rates were hist
by TexanFeller 3y ago
Things are probably just going back to normal. Companies went on hiring binges while unprecedented cash was pumped into the economy and interest rates were historically low. Now that all that is being walked back employment levels are going back to 2019 or a bit before.
- eastbound 3y agoHow is that different than the IMF pumping cash in 1998 into the Russia economy, only so that private companies take the profits and create oligarchs and various lords, who then emigrated to the French Riviera with women who became widows there, empoverishing the Russian land even further, as shows by the economist Joseph Stieglitz in his book Globalization and its Discontents?
- SpicyLemonZest 3y agoPresumably it’s different because the point of the cash was to support people whose livelihoods were disrupted by the pandemic?
- eastbound 3y agoAre you talking about the economic crisis of 1998 in Russia or about the pandemic? Both were emergencies with lives at stake.