yup
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Trying to imagine a more intractable socio-political problem for the US right now. I can’t though.
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The “economy collapsing” part is interesting. If the problem is loss of demand due to people being stuck inside, then you don’t need as big an economy by definition (lower demand = smaller required economy). The problem there is the potential ripple effects in terms of income...
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...and financial asset values. So you have to do monetary stimulus to keep the money supply larger than what is needed to support demand to keep financial assets propped up. And you do fiscal stimulus to backstop lost income. So now you have a money supply way larger than needed
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how come giphy has no good flappy bird gifs??
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That is the current predicament. The upside is that the economics is caused by COVID-19, so if we can clear that out then the fundamentals are still there.
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!!!!!
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all in the middle of an election year!
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Can "the economy" survive without an extremely violent class-based division of labor? If we choose the economy over the poor can we still claim any moral superiority over caste systems that were more explicit about how many poors one rich is worth?https://twitter.com/girlziplocked/status/1240112296241881090 …
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