Post
Topic
Board Economics
Re: Every passing year seems progressively worse
by
Chrlie95
on 04/01/2023, 21:02:10 UTC
Unfortunately I think COVID is responsible for a lot of the economic turmoil that's happened over the last year more so than the war is responsible. Even though COVID itself ended in 2021, the amount of money countries spent to keep their economies alive while young, able-bodied workers were not allowed to work will have impacted the global economy for years.

The war is partly responsible for the energy price hikes, but just about everything else has at least some trace back to the COVID hysteria where trillions were wiped from the global economy because the government found it prudent to keep people locked in their homes and disallowed them from working. Doesn't seem like it was worth it.

I totally agree. It's crazy how all the governments handled the covid situation so poorly. Not only did they not get the virus under control, but they also completely messed up the economy. Trillions of dollars were lost because they thought it was a good idea to keep people locked up in their homes and not allow them to work. It's just insane that panic and unwise cautions messed up the economy. Now, we became the ones that has to pay for this bad governance.