If the coronavirus lockdown leads to a fall in GDP of more than 6.4 per cent more years of life will be lost due to recession than will be gained through beating the virus, a study suggestshttps://www.thetimes.co.uk/edition/news/economic-crash-could-cost-more-lives-than-coronavirus-study-warns-nxrn3bzbs?utm_medium=Social&utm_source=Twitter#Echobox=1585070964 …
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Does the study assume austerity is necessary after a recession? Because most economists would disagree
“most economists” are the reason we have this awful global economic system in the first place
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Not sure that’s true. Most economists said don’t do austerity. Most economists said don’t cut in a recession. The world we have is created by right wing fanatics who disguise themselves as agents of reason
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austerity was closer to mainstream economics back in 2009. these days it's more acknowledged that austerity was economically harmful.
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It's not economists who make this system, it's politicians. More often than not politicians ignore the economists.
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