This is my take on the economic effects of covid19. Why is it wrong? Let's tear this thing apart.pic.twitter.com/GEgE808jU0
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..ing and larger than the GFC in its demand shock. Also it's likely, imho, to last longer. Further, gov't can solve liquidity problems. Time cures a virus. This is the time when QE/printing money etc. won't work. But, I am open to disagreement!
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If we don't get a vaccine or a treatment, we could see a really weird depression where you get a massive amount of money printing layered onto a jobless despondent public, spending their $1200 checks on $12 netflix, depressed that the world can't make a vaccine or treatment.
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I haven't been keeping up with the latest stimulus bills, but I think the best way out of this is to spend the money on revamping our healthcare and supply chain. That's real shit that puts people to work, and, y'know, addresses the root cause of the 100,000s who will die.
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I keep hearing rumors that they're going to make me healthcare czar, but I never get the call.
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End of conversation
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