Quote:
Originally Posted by OLD BOY
To run it's course, it needs to have infected about 80% of the population. By taking these measures, we are prolonging the agony, but at least the NHS can cope. In the meantime, we'll pretend that the collapse of the economy doesn't matter.
Just fix hoola-hoops to them.
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How many times must we go round in circles.
The role of Government and Central Banks is to support the economy. It can easily do this because government budgets do not operate like household budgets.
The economy tanks either way - the global recession was underway far before lockdown. Death, sick leave and self isolation aren’t good for consumer confidence.
The economic crisis is twinned with the health crisis. If you can’t solve the former without solving the latter, regardless of how many deaths you wish to create by not managing the health emergency the fall in the FTSE is here for a while, as are the supply and demand side shocks that have brought forward a recession that was in the cards anyway.
Protect people’s jobs and incomes for the duration and the economy comes out healthier in the end.