Quote from: Pffrt on April 10, 2020, 12:51:28 PM

Quote from: Darker45 on April 10, 2020, 08:33:15 AM

I would agree. Let tomorrow take care of itself. If there will be an inflation rate too high than what should be considered acceptable as a result of this, then the government and its monetary and economic teams will take care of it at the right time. They will cross the bridge when they get there. For now, the poor people, millions and millions of them are having an empty stomach. They urgently need food on the table!

Damn the torpedoes!

You are correct from one point that a lot of poor people are having empty stomach and something to be done to prevent that, through printing money but if it results high inflation in long run, people will have even more worst situation than the current. Higher inflation can destroy an economy easily. An economy should be planned for future too. If they only consider the current situation, they will have worst day in future of course.

We are not confronted with good and evil here; we are confronted with evil on both sides. So I guess we will just choose the lesser evil, so to speak. On the one hand, we have the choice to let the hungry, unemployed, home-isolated people take care of themselves while trying to keep the monetary foundation stable, at the same time fighting the spread of the virus. On the other hand, we may resort to drastic means which could be detrimental to the long-term economy and monetary value but could keep the people properly fed and therefore tamed and sane in these very trying times. I definitely prefer the latter. The urgency is on that side.

We cannot talk of preserving the future economy and let the people die of hunger or turn to violence. People are forced to stay inside their homes. They are physically hurt when they go outside. What are they going to eat, then? They cannot just start nimbling their walls.

Finally, the issue is not whether or not the government will continue printing money out of thin air and commit slow suicide. That is happening all the time. The real issue is whether these money will go to the rich business owners or to the hungry majority.