A tweet yesterday.
Do remember an uncontrolled Covid 19 pandemic would also completely tank the economy.
Hundreds of thousand dead, widespread panic and break down of public trust and order, will be devastating, and harder to return from, "herd immunity" or not.
Aggressive social distancing policies being used to slow the spread of the novel coronavirus COVID-19 are hammering the U.S. economy, but an analysis by University of Wyoming researchers suggests that these measures are economically justified.
Physics.org
US coronavirus measures are justified, economists find
Future headline:
ReplyDeleteUS coronavirus measures were unjustified, epidemiologists find
Hiya. I'm curious as to what these same economists have to say about all the food that is being dumped now by US farmers considering all the long food lines we see on the telly.
ReplyDeleteIf you are against Social Distancing maybe you should contribute to herd immunity and stay away from the rest of us who don't want to.
ReplyDeleteThe police officer on duty at the grocery store won't let me.
ReplyDeleteWhether this crisis is being overblown or not, it's revealing major flaws in our money system such as that citizens may not use fiat in account form. Hence an expected delay of weeks (months?) in some citizens getting their stimulus checks.
ReplyDeleteHey, Tom Hickey? Or anyone? Where have MMT advocates ever advocated that citizens be allowed accounts at the Central Bank or Treasury itself?
Nowhere is my bet since that would be a slippery slope to the elimination of all privileges for the banks and we can't have that, eh elitists?