1) demand has fallen off a cliff, many airlines are zombie companies
2) monies are politically allocated, not to directly fighting the virus
3) it’s upward redistribution of wealth
4) no end to the printing until destructive inflation
But the Fed printing trillions, diluting everyone down, and not allocating it to stop the virus is crazy.
Like mopping up the blood rather than bandaging the wound.
- mask for every American
- wearable to monitor temperature
- prizes for drugs, vaccines
- serosurveys
- at-home tests
- funds for MDs, nurses
Allocation does not seem focused.
Printing money is a form of taxation. Bailouts are redistribution. Neither are wealth creation.
We’ll need a muscular form of autarkic capitalism by small businesses & big companies alike to rebuild America.