@donborvio don't i know it

stock markets = vehicles of RISK

not vehicles of stored value

Why should economies not be allowed to slow down to respond to disaster? It's stupid

recession inevitable then? or are we already in one?

If Boris Johnson really wants to echo Winston Churchill he needs to do it during this crisis

corrections are inevitable if the system is allowed to function normally

If we used Austrian models vs Keynesian - this would be easier to weather, even probably psychologically. People would have actual savings.

but recessions are a matter of taking more OUT of the system rather than leaving a buffer, sacrificing some upward movement to cushion the inevitable correction

Hayek gang?

but that would make too much sense

@donborvio, there is 'theory' then there is PRACTICE

be it austrian or keynesian; these are JUST models

and... all models are WRONG

some are just USEFUL

COVID-19 has reached my area

welcome to the party

Right, but real world savings would be a better situation for most. We wouldn't grow as fast, but do we need to?

No boom/bust cycles, and with digital currency not like we'll have a bank panic

No school closures is a bad idea

well, real world savings is only possible when you let the interest rate ris

how hard is just to not fucking eat bats lol

ye boris bomb dresden again

it's also the only way to enable staggered risks

as well as distributed liquidity

Nah the USSR ended up being the Russian empire colored red. However you’re correct, multiculturalism is like separation of church and state, but for the separation of *people* and state @svarozhyc

I'm literally just staying at home, playing video games and eating ice cream all day

Living the dream

And yes the USA has become that and so has the EU

I hope I'll not get out of shape

"We probably have 5 or 10 thousand cases even though only 590 are reported" - UK Govt

what you save weekly should go into a savings account that earns interest and you can draw on in a pinch. when that buffed gets over a certain threshold, you lock the rest in longer term, riskier investments

but you NEVER invest your liquidity

our system since 2008 FORCES people to invest anything they aren't spending

You can always sell drugs

Never goes out of style

oh yeah there's more one way you can go about something and the usa still remains the best in the class of supernational empires when it comes to personal liberty etc so it's more of a point of noticing the route that some interest groups try to push the country towards

drugs are lame

no u

I have money thanks to boomer parents, but I'm concerned about those that don't during an event like this