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by throw__away7391
1431 days ago
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> No, they aren't. Yes, they are. > No, it isn't. Yes, it is. --- Regarding AIDS/COVID comparison...we just spent many trillions of dollars and basically shut down the global economy for two years. There is zero precedent for this kind of response to a disease in human history and definitely was not done for AIDS. Worldwide ~45 million people have died of AIDS, 6-7 of COVID. Regarding Social Security, my reading of history is that this was something done by working age folks on behalf of destituite elderly. Boomers have let this ride their entire lives knowing full well it needed adjustments to be sustainable, intentionally dropping the burden on younger generations. |
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if we had shut down the economy for two years, the resulting US recession would have been longer than two months.
Instead, within two years of the pandemic being recognized, the prime issues I the US economy were associated with overheating rather than inactivity: tight labor market and high inflation.