Post
Topic
Board Economics
Re: Will the government understand?
by
South Park
on 15/04/2020, 16:42:28 UTC
The current crisis is showing how frail is the current economic system, a great deal of the things being produced are not really necessary and once the demand of the society shifted to something more realistic suddenly we are finding out that all of those business were built on very unstable ground, now the governments are trying to fix this by printing more money as they always do but even if that could be enough to somehow alleviate the crisis for the moment during the next year we are going to feel the effects of that much money being printed, so what can we do? Not much except to protect yourself and your family from the worst effects of the crisis that it is to come.

I am among those who think that printing money in the right conditions is the right thing as long as the goal is for a productive project not for consumption. Productive projects are the driving force of the country's economy. The solution to the crisis resolution by way of debt to the IMF, world banks and debt to other countries is very improper at this time, let alone aimed at closing the consumption budget especially if consumption is imported.
Even if I like bitcoin and the fact that no one can print it at will I get what you are saying and I agree, printing more money under the right circumstances and using that money for the right things could be a way to get out of a difficult situation especially when so much is at stake around the world, but this crisis could not have come at a worst moment, some of the most powerful countries of the world were already carrying huge levels of debt that were unsustainable because of the 20008 crisis, and what it is even worse that crisis was never really resolved, that is why we are not only facing a health care crisis we are now also facing an economic crisis and thing will only get worse from now on.