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It is all funny fake made up money anyway ... there is enough resources for everybody.
Earlier quoted context omitted.
Unfortunately this isn’t true. A massive amount of debt is going to be racked up in this time. The economic impacts are not immediate, but they will come.
I wonder if the global debt levels will start the next wars. At some point one of the bigger countries will not be able or willing to serve its debt and who knows what will happen then?
Earlier quoted context omitted.
Unfortunately this isn’t true. A massive amount of debt is going to be racked up in this time. The economic impacts are not immediate, but they will come.
Theoretically, it’s less than the cost of letting everything fall apart for 2 months of pausing business.
I do wonder if it would be easier and cheaper to bite the bullet and move to a universal basic income. This situation cold be going on for years.
Additionally, something as pivotal as a UBI is exactly the kind of thing that you _wouldn't_ want to implement as a reaction to a temporary crisis. You're likely to create the wrong abstraction based on contingencies of the situation.
I do wonder if it would be easier and cheaper to bite the bullet and move to a universal basic income. This situation cold be going on for years.
This is an astonishing U-turn, and a very welcome one. I just hope the social distancing isn't too late.
Will we be able to boot-strap the supply chain to keep the economies of the world rolling?
It is all funny fake made up money anyway ... there is enough resources for everybody.
Not if the factories and stores are all closed for extended periods of time.
It won't be long until we have shortages.
I do wonder if it would be easier and cheaper to bite the bullet and move to a universal basic income. This situation cold be going on for years.