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A comment on U.S. Jobless Rate May Soar to 30%, Fed’s Bullard Says. Parent comment
That’s the consequence. But it’s been so long, everyone who fought the last war is dead or retired.
If we keep demand the same, by paying a quarter of GDP, but supply contracts....same dollars of demand for less quantity.
Like the cost of face masks or paper towels, but for all the other stuff that doesn’t get made.
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That’s the consequence. But it’s been so long, everyone who fought the last war is dead or retired.
If we keep demand the same, by paying a quarter of GDP, but supply contracts....same dollars of demand for less quantity.
Like the cost of face masks or paper towels, but for all the other stuff that doesn’t get made.