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by bb88 2289 days ago
We've long been pursuing the supply side economics for far too long. Massive tax cuts and bailouts. Banks came back rather quickly after 2008. The citizens, well, it took a while.

I'm beginning to think that if businesses can't survive for 6 months in a catastrophe, maybe it's better that they die. Moral hazard, you know.

If businesses die, you still have the people to build more businesses. If people die, you'll have neither.

1 comments

That's an awful lot of people's life savings in their small business that goes poof. A lot of the businesses that can't survive are leaving behind people that are not capable of bringing them back, and people that won't be employed there afterwords.
So a lot of people's life savings have gone poof, not just small businesses.