How the Coronavirus Will Spark the Greater Depression

How the Coronavirus Will Spark the Greater Depression

It’s also a perfect excuse for Modern Monetary Theory (MMT), which essentially holds that the government can print up all the money that it wants, and there really won’t be any bad effects.

Not only is the government herding people like cattle, but the people are screaming for the government to “do something.” People expect the government to fix the problem. As if it was magic. But there’s no problem the government can’t make much worse.

The government is, quite naturally, further removing responsibility from the individual.

There are going to be vast consequences from this stock market meltdown. Most people already had inadequate retirement funds, and what they had was in the market. There will be recriminations about who was to blame, lawsuits, and lots of new laws as the public screams for Congress to “do something.”

via internationalman How the Coronavirus Will Spark the Greater Depression