Re:R number for UK below 1 for first time since August
by lostlogin on Saturday November 28, 2020 @12:45AM
(#25235580)
Victoria in Australia managed to pull things back into line from a pretty dire situation too.
[ Parent
| on HN ]
Re:R number for UK below 1 for first time since August
by postingawayonhn on Saturday November 28, 2020 @02:00AM
(#25235864)
At massive economic cost. It has only been bearable due to the other states remaining open and proping up the Victorian economy via Federal Government payments.
Just at the state level debt is expected to more than triple by FY23/24 to $155b.
Re:R number for UK below 1 for first time since August
by ben_w on Saturday November 28, 2020 @04:59AM
(#25236632)
It’s been expensive in the UK, too.
https://www.reuters.com/article/uk-health-coronavirus-britai...
Re:R number for UK below 1 for first time since August
by socialdemocrat on Saturday November 28, 2020 @08:32AM
(#25237393)
Lockdowns are expensive when you do them late. The point is to do them as early as possible or better do proper contact tracing, mask usage, travel restrictions early. E.g. Taiwan put on full travel restrictions super fast and now operate like a normal country with minimal economic damage. Dragging your feet on COVID19 is what gets expensive.
Re:R number for UK below 1 for first time since August
by bigbluedots on Saturday November 28, 2020 @07:26AM
(#25237142)
Locking down does have a large economic cost, but the alternative is a large number of preventable deaths. I know which course of action I prefer to be taken.
Re:R number for UK below 1 for first time since August
by incompatible on Saturday November 28, 2020 @02:42AM
(#25236020)
Ongoing semi-lockdowns, presumably until the majority of the population can be vaccinated, plus the affect of the infection on individuals along with their medical costs and absence from work has a cost too.
Re:R number for UK below 1 for first time since August
by rmtech on Saturday November 28, 2020 @05:19AM
(#25236718)
Situations like this are what money-printing was made for.
Re:R number for UK below 1 for first time since August
by postingawayonhn on Saturday November 28, 2020 @07:56AM
(#25237242)
Money is just a means to an ends. It acts as a means of exchange, unit of account, and store of value.
What we really want are goods and services to consume. If people aren't going to work and producing goods and providing services then there will be less to go around making us all poorer.