Mises Wire
Author:
Daniel Lacalle
Online Publish Date:
followed by supply as long as the economy remains shut down. Considering that the opening of the economy will be gradual and subject to changes, it may be safe to say hibernating large companies, while small and medium enterprises, which have little access to debt and maybe no assets to leverage, simply disappear. Startups and small to be wrong. The pandemic lockdown is showing us the importance of having open supply chains; diversified, global, and efficient companies; and competitive