Re:Almost 90 percent of NYC bars and restaurants couldn’t pa...
by _heimdall on Tuesday September 22, 2020 @03:11AM
(#24551774)
Economics isn't that simple, you can't invent demand out of thin air and printing money is a very short term solution with huge long term impacts.
Dealing with debt is risky, whether you are the lender or the borrower. I completely agree with opinions that it is utter BS that the government effectively bailed out banks and corporations while leaving the rest out to dry, but the solution isn't further bailouts.
Life sucks sometimes, governments can't fix that. A pandemic spreading fast enough to bring broad shutdowns doesn't come free, and unfortunately small businesses sitting on piles of debt and tight margins are the first to bleed. Economic systems have pros and cons; with Capitalism we often get accelerated growth and innovation but the downside is that when things go south it can be a much faster and deeper cut.
Dealing with debt is risky, whether you are the lender or the borrower. I completely agree with opinions that it is utter BS that the government effectively bailed out banks and corporations while leaving the rest out to dry, but the solution isn't further bailouts.
Life sucks sometimes, governments can't fix that. A pandemic spreading fast enough to bring broad shutdowns doesn't come free, and unfortunately small businesses sitting on piles of debt and tight margins are the first to bleed. Economic systems have pros and cons; with Capitalism we often get accelerated growth and innovation but the downside is that when things go south it can be a much faster and deeper cut.