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0 points_ea1k6y ago0 comments

I feel like this cost is being badly underestimated.

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5 comments · 1 top-level

cultus6y ago· 4 in thread

I would be quite surprised if this doesn't turn into a depression. The Fed has essentially already exhausted their options, and we're only a week in to this. Fiscal policy is the only real policy remedy, and capitalists hate that.

matwood6y ago

> Fiscal policy is the only real policy remedy

The only real remedy is economic activity. That can't happen until people can start spending money again.

There is a huge opportunity in thinking about when things go back to normal, what things will remain permanently changed.

TeMPOraL6y ago

> There is a huge opportunity in thinking about when things go back to normal, what things will remain permanently changed.

I started a thread about that the other day; let's collect some more ideas: https://news.ycombinator.com/item?id=22587052.

mrosett6y ago

I think there's a sense that this time it's different. When you lose your job because the government decrees that your company shut down... well, it seems pretty clear that the government should have to help.

UncleEntity6y ago

They seem to be falling all over themselves trying to help since (almost) everyone thinks it isn't such a good idea to send all the old people off to the woods to get eaten by wolves.

Probably the one time in human history the evil bankers can actually point and say "it wasn't us this time, really!!!"

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