Once again the only way to prop up an economy is free trillions. Trillions trillions and more trillions to prop up stocks and the economy!!! https://www.cnbc.com/2020/03/16/us-...htly-following-dows-third-worst-day-ever.html
read crack up boom , Ludwig Von Mises and see if there isn't a slight resemblance to whats going on haha
It is a tricky line to walk. A bailout for the people will likely be necessary given in around a month many people may be out of a job without employee benefits. While its fun to sit in your chair and think about how safe you are because you had the opportunity to save, many people don't. Excluding economic consequences, did you ever study the french revolution? If you allow people to starve because Laissez-Faire capitalism says so, they don't just go away. They put your head on a pike. They instate socialist systems and dictatorships. Dictatorships rise during periods of extreme fiscal inequality. Look at what happened to the French under Napoleon. In reference to the crackup boom, economists, who are not real scientists and their field is mostly a joke among actual hard scientists, don't ever consider the geopolitical consequences of economic policy conceived in an academic laboratory. History tells us that the poor and starving don't relax when an economist tells them "this is good for the economy". They drag him out and give him the guillotine. Moreover, if a crackup boom occurred people would likely flee to cryptocurrencies who do not have the same problem as fiat. Let's avoid giving the poor the idea of rising up against the middle class. Let's be honest, it won't be the rich who suffer this burden. I'm not for printing money to absolve debts. I understand the risks of hyperinflation. However, I also understand from history what people do when they cannot eat. If 80% of Americans can't even float rent without a job for a few weeks, that's a lot of people who will be very angry with not much to do but cause trouble.
I wouldn't mind a Trillion or maybe 2 in my account, I'll send them my account codes just incase they need somewhere to lose it.