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1. A thread on our new #PlannedEconomy.
One conceptual problem during this #coronavirus is understanding what is happening politically. Consider that Democrats are angry at Trump for not taking over private corporations. They demand he seize power and the means of production!
One conceptual problem during this #coronavirus is understanding what is happening politically. Consider that Democrats are angry at Trump for not taking over private corporations. They demand he seize power and the means of production!
2. Hundreds of billions for families, $349B for small businesses, $150B for hospitals, and $4.5T in credit for banks and big business. That's an inconceivable amount of money. It is in fact a takeover of our commerce by the government.
3. In other words what Congress passed was not just a series of bailouts. We just turned ourselves into a planned economy. Now Donald Trump will choose which businesses live and die. wired.com/story/the-reli…
