3/19/20

Pandemic pits Keynesianism against moral hazard


Yes, when the going gets tough the tough turn to —gasp— socialism?




Even now, the president of the United States is lost in a fantasy world. Even worse, Trump’s fantasy is shared by many Americans. In this imaginary world, we can all get rich if the little flickering numbers on our iPhone’s Stocks app go up. It’s therefore also a disaster if the little numbers go down. [Jon Schwarz, The Intercept]

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