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I didn’t work like a dog as a founder for 10+ years, conservatively building cash reserves to pay over a year of our payroll, to have everyone who played it loose with high debt and no savings get bailed out.https://twitter.com/morganhousel/status/1239302286112952320 …
Extend unemployment insurance but this money printing taken to such an extreme has real risks. Businesses are supposed to fail. That’s how the system works. Inflate our savings and we will stop saving with the currency that you are devaluing with the risk of hyperinflation.
What about small retail merchants and restaurants that don't have 1yr cash reserves to weather 0 business for a month? How many businesses do you know w that type of reserve on hand? How many biz models allow for it?
Their fault. Many. We're a smaller e-commerce merchant ourselves and I know many companies who have reserves and many who don't. All profitable businesses can save for a rainy day.
Found the company or stay conservative?
Dangerous maniacs like these, aided and abetted by the US govt, crony capitalists, the Fed are what's destroying the US.
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