A UBI of some kind is now likely. The problem is that printing money doesn’t create real goods. There has to be a producer on the other side of the transaction. And that producer is now stuck at home.
Trillions of new dollars chasing a finite supply of goods means inflation.
Trillions of new dollars chasing a finite supply of goods means inflation.
Think about what you’d buy with that UBI.
Then remember that stores are closed, workers are at home, supply chains are disrupted, and nations are stockpiling their own supplies of masks — and may not sell.
We didn’t replace the workforce with robots. Production isn’t there.
Then remember that stores are closed, workers are at home, supply chains are disrupted, and nations are stockpiling their own supplies of masks — and may not sell.
We didn’t replace the workforce with robots. Production isn’t there.
We can’t just do lockdown without the 100 other things the Chinese did.
It’s copying one feature in isolation, without even understanding we are copying it, let alone reading their whole playbook in detail and recognizing some things can’t be done here.
It’s copying one feature in isolation, without even understanding we are copying it, let alone reading their whole playbook in detail and recognizing some things can’t be done here.
