March 18, 2020

IT SHOULD BE SHORT-TERM. A few thoughts on economic assistance and bailouts in the Covid-19 era. “So what do people need? Housing, basic utilities, and food for the next two or at most three months.”

2008 was a financial system liquidity crisis. That’s not an issue today, but in a couple of months we don’t want to face a consumer liquidity crisis as we try to get things going again.

Plus: “Finally, here is what we should absolutely not do, but your Editor fears that we will do: Concede major changes in the American system of capitalism to the left in order to save the equity of the current stockholders of public companies.”

Concede nothing to the left. They bring nothing to the table.

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