Could the Economy Survive a W-Shaped Recovery?
More threatened COVID lockdowns, and thus more bailouts and explosions of deficit spending, do not bode well for the global economy.
More threatened COVID lockdowns, and thus more bailouts and explosions of deficit spending, do not bode well for the global economy.
The Left has an enormous desire to "do good to" the mass of other people. But since many people often resist, the leftist inevitably ends by reaching for the big stick with which to push the ungrateful masses around.
The government's plan for "contact tracing" to prevent the spread of COVID-19 relies on huge amounts of government spending, plus unproven science as to the nature of the disease.
The Democrats want trillions spent on infrastructure for a "Green New Deal." The GOP wants a trillion for roads and bridges. They're likely to find a way to "work together" to spend trillions either way.
The deadliest virus consists of the deification of human reason and the systematic use of coercion, which the state embodies.
The government's plan for "contact tracing" to prevent the spread of COVID-19 relies on huge amounts of government spending, plus unproven science as to the nature of the disease.
It's easy to dismiss MMT out of hand, but the impulse to create something from nothing resides deep in the human psyche.