New     Submit     Search     Register  
0
What are the unintended consequences of covid19 lockdown?

"It's not even necessary money over people, because that would be like looking at it in the most first order, you know, superficial way. It's if a large number people lose their jobs cannot afford health care. Stop going to Dr Start abusing opioids or alcohol. Ah, full into depression commits suicide because they go bankrupt like you can actually track these things.

It just takes a moment of taking a deep breath and saying, Oh, there are second order effects and buried water effects of every action, and we have to think holistically when we do things in different systems in the world. So for every time you put an incentive out there, it could have dire consequences that you didn't expect the unintended consequences of actions at scale are things you really need to theorize in question and debate. And now you've got people who don't want to do that because crazy like you were talking about taking major action here, Should we be canceling?

Whoa, ah, student debt. Should we be giving businesses blank checks? Where should we be buying equity? Or should we be giving them loans? Should be giving them loans with no interest rate or some interest rate. If we have loans with that with an interest rate than people who have savings,

get interest that they could then spend if we don't have interest within, businesses can take money for free money and build more companies and build the economy faster. Okay, which is better? It's like, Yeah, I don't think anybody actually has the answer to that question of having no interest rate and more people investing in building things or having a modest interest rate or a medium interest rate that allows people to make money off of their savings, which they can then put to work.

And it promotes a healthier environment where people save more. Right now, there's no incentive to save. Obviously, if you've got 10% or 15% on the money you have in the bank, people like I'm gonna try to get 100,000 in the bank so I could make 15,000 on my interest. Now it's what I put 100,000 in the bank and get back $94,000 in 10 years. That doesn't make any sense."

You might also like
What are the unintended consequences of coronavirus lockdown
"More people will die because of the second and third order effects of coro ...
0:00
0:00