Lots of smart people are debating about the economic pain being worse than the "cure" of preventing #coronavirus spread. I don't know the right answer, but I can help you frame the question.
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Full disclosure, I put all of my available cash into the stock market during the downturn. When the market comes back, it will happen fast, whether a month from now, next year, or five years from now.
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If you are a new follower, it might help your confidence in my opinion to know I have a degree in economics and an MBA. I'm not an expert by any means. But I can probably see the field better than those with no training. And I don't see anything permanently broken.
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Economics is like no other field of study. It might be the only one in which you can "will it into existence" so long as everyone is on the same page and there are no material shortages. If we keep our minds right, the economy follows.
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I'm making it my job to help you do just that. We'll come out of this stronger if we all agree we will. (Spoiler: We will.) Focus forward. Winning is certain. Timing is anyone's guess.
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End of conversation
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Can we also immediately suspend all taxes, fees, permit costs? Businesses and individuals only ones expected to have rainy day funds?
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