Thursday, April 23, 2020

The pandemic will leave the rich world deep in debt, and force some hard choices

The return on the massive “saving the economy” bills, which are likely to end up around 8 trillion or more in total in the U.S., is the saving of the economy from ruin - clearly worth it, without a doubt.

AND we will be stuck with debt that we will have to pay in some way.  The young people will inherit so much debt that they will be more burdened with taxes.  Some social welfare programs will suffer.  Etc. And Etc.

To get an idea of what will happen, here is one of the best assessments I’ve included the attached discussion.

The wise look at and accept reality and then deal with it, in a “solutions thinking”, “going forward” mode....the unwise object to it and say it shouldn’t be, and often get stuck in that “fear’ conversation.

The pandemic will leave the rich world deep in debt, and force some hard choices

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