So why use the word “ameliorated” when the correct phrase is “made worse”. The bailout do nothing except further shorten our ability to make sound decisions about the present and future of work. ... and make everything unaffordable for those without savings.
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Replying to @MostlyDev @Plinz
I'm concerned about - short term issues around making rent - short term issues around necessities I know there are deeper supply issues that will become more prominent over time and this is not sustainable indefinitely, and that the second derivative to costs is positive :/
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Replying to @eigenrobot @MostlyDev
What may happen is that capitalism is effectively suspended for a few months, and replaced by a planned economy, in which basic necessities are being produced and distributed with disregard for the normal paradigm of money as debt.
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Replying to @Plinz @eigenrobot
We only exchange the product of our own labour for the product of the labour of others. Money is just a measuring stick. The notion that you can "suspend" the spontaneous time-and-place exchange decisions of billions of individuals make no sense.
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Replying to @MostlyDev @eigenrobot
How do I explain this to a libertarian? There is no physical law that forces us to be organized by markets. We only do that because it autoregulates supply, demand and innovation to some degree. You can also operate like an army, with centralized planning, control and allocation.
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You say, as you know a planned economy is less efficient than a free market economy and there are risks with imperfect information, yet such a mode of production and distribution is physically possible, ...
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Replying to @DoqxaScott @Plinz and
and perhaps desirable if we choose to value protecting life and trust in our health care systems (and perhaps civil society) during a pandemic of this nature.
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pretty rough trying to set something like that up in short order and with no advance consideration of how throwing money at the problem probably more efficient is my guess
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The national guard has contingency plans for exactly this situation, I suppose. Just throwing money around won't make sure that everyone has toilet paper.
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hospitals seem like a better case for this than basic sanitation and food imo but who knows ive never set up a command economy at scale
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Some difficulties with just giving people money: There are 14M adults in the US that don't even have a bank account you can throw money into. You also have millions of undocumented immigrants etc. You also have very different disposable income (rent, health care, savings, ...).
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Yikes!
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