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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.
In 2009 the financial sector was offered over $16T in secret loans, while everybody else had to fend for themselves. So I can understand the political calculus here. But there needs to be focus. Have to keep supply chains going (trucks, rail, ships) or that $3K will be useless.
Yes, I cannot figure out what the $3,000 will do for many people. I am at a total loss as to how government can come in and fix the damage that will be done to many many industries.https://twitter.com/Molson_Hart/status/1238872637989957633 …
So you're all for millions of businesses going under bc they can't weather a nation wide shutdown for a few weeks thru no fault of their own??
It’s their fault they didn’t plan. It’s not like this has never happened before.
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