I never understand anything about money until I translate it meaningfully into time terms. Like 2T in deficits... how many future years have we mortgaged away, and to what extent? How do we measure that? How many more hours will you have to work for comparable standard of living?
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I think the "lost" time is the collective cost of the pandemic. The $2T is an accounting thing to allocate the costs across society The lower quality of life is because X% of our productive life has been rendered unproductive, not because we choose to borrow
$Y from the futureThanks. Twitter will use this to make your timeline better. UndoUndo
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