Quote (thesnipa @ 15 Apr 2020 18:13)
you can legislate ways to save jobs, businesses, or even savings accounts. you cant legislate the spread of germs.
you cant lesiglate away the costs of shutting down the economy. someone will have to pay for all of this in the end, be it via inflation or currency reform or depressed wages or cuts to government services and entitlements.
similarly, you cant legislate away the loss of many jobs and businesses. a ton of jobs and businesses in the hotel, tourism, restaurant and event industries will be lost, most likely permanently. the young family who had just opened their small restaurant a couple of months ago and put all their savings into it - if the shutdowns go on for too long, they will lose everything, go out of business, and not try again anytime soon.
what most people dont understand is that not only the coronavirus case numbers, but also the damage to the economy are growing exponentially. like I said: this is a very difficult and complex tradeoff, and I dont envy decision-makers who have to deal with it.
This post was edited by Black XistenZ on Apr 15 2020 10:28am