That would be comparing efforts to save COVID 19 patients to the efforts that are going to be needed to heal the damage to our society long after a Vaccine and treatment are common place.To be honest, I am starting to worry about the deaths resulting from reduced wealth in the long run. Lower income, joblessness, stress, less money for welfare programs in the long run may all contribute to deaths for years to come. In that sense the current answer to covid-19 needs to be carefully weighed against those effects that cause future deaths. — Benkei
Every small business has been doing that since the shut down. What it means in the financial forecast is that the money borrowed is paid back down stream. Our kids and grandkids are going to be paying it.edit: I don't have the sense anyone is doing that yet. The Netherlands just announced borrowing 93 billion extra. That's about 25% of existing debt and about 3 times as much as we borrowed extra in 2008. What does that mean for society as a whole in the long run? — Benkei
That would be comparing efforts to save COVID 19 patients to the efforts that are going to be needed to heal the damage to our society long after a Vaccine and treatment are common place. — ArguingWAristotleTiff
Of course, there is the option of a) inflation, b) default.What it means in the financial forecast is that the money borrowed is paid back down stream. Our kids and grandkids are going to be paying it.
The damages to any society that are emotion based are much harder to heal from than any problem money can solve. — ArguingWAristotleTiff
Yesterday, our governor signed an EO opening our parks and golf courses here in New Jersey. The day before, he had a meeting with Trump…and came out of the meeting saying good things about him. (I think Gov. Murphy had a sardonic smile on his face while making the comments, but that may just be me.)
Keep in mind that Trump does most of his summer golfing right here in New Jersey at the golf course he owns just a long drive and a three wood away from where I live. I am sure Trump is VERY happy that golf courses are now open in New Jersey.
The philosophy part of this issue involves the question: Does it make sense to butter-up (or ass-kiss) a guy like Trump in order to get a bit more consideration and flex for our state?
Ass-kissing, has always seemed to me to be rather questionable ethical conduct, but with the current situation, I seem to be back tracking on that.
My current rationalization goes: A kiss is just a little thing…and the ass being kissed is enormous.
Two questions arise: One…am I compromising my own ethics by taking that attitude?...
…and…Is ass-kissing on the part of our governor under these circumstances reasonably ethical? — Frank Apisa
Benkei...you really care for rich people? Besides, the system is fractional reserve banking. It's not like it's just your savings that the bank lends forward.It will also evaporate most pensions so you need to think of something there. — Benkei
The old Reichsmark and Rentenmark were exchanged for the new currency at a rate of DM 1 = RM 1 for the essential currency such as wages, payment of rents etc., and DM 1 = RM 10 for the remainder in private non-bank credit balances, with half frozen. Large amounts were exchanged for RM 10 to 65 Pfennig. In addition, each person received a per capita allowance of DM 60 in two parts, the first being DM 40 and the second DM 20,
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