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Big Ideas to Save the Economy, From Bailouts to Super Chapter 11
The more people are saved from the coronavirus through draconian shutdowns, the more livelihoods will be broken.
26 Mar 2020, 04:52 PM IST
(Bloomberg Businessweek) -- In economics, there is no Hippocratic oath: First, do no harm. If there were, world leaders would be in serious violation of it. With the noble purpose of saving lives, they are deliberately throttling the global economy. The plan is to put economic activity in a state of suspended animation for weeks or months, get past the worst of the Covid-19 pandemic, and then resuscitate the patient. Necessary? Proba...
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