4 ms·
"...2-5% of yearly GDP until 2050" Estimate is COVID in 2020 cost 3.4% of GDP (source: https://www.statista.com/topics/6139/covid-19-impact-on-the-global-econ
by llsf 2y ago
"...2-5% of yearly GDP until 2050"
Estimate is COVID in 2020 cost 3.4% of GDP (source: https://www.statista.com/topics/6139/covid-19-impact-on-the-global-economy/ https://www.statista.com/topics/6139/covid-19-impact-on-the-...)
We are talking about one new COVID (2020 style), every single year for 25 years. That is significant enough to not spontaneously do it.
- Mizza 2y agoThere's a big difference between printing money to trick people into continuing to buy stuff while production is halted during a pandemic and massive investments in new energy sources and technology development and deployment.
- alwayslikethis 2y agoAny large expenditure is going to cause inflation since it competes with the rest of market for materials, labor, or any other limited resource. It doesn't mean we shouldn't do it but we can't just ignore the consequences.
- Aachen 2y agoI think that last sentence captures the whole reason we're having this discussion