[ExI] Trump's Coronavirus Response

spike at rainier66.com spike at rainier66.com
Sun May 10 12:46:25 UTC 2020



> On Behalf Of John Clark via extropy-chat

Subject: Re: [ExI] Trump's Coronavirus Response



On Sat, May 9, 2020 at 11:08 PM SR Ballard via extropy-chat <extropy-chat at lists.extropy.org <mailto:extropy-chat at lists.extropy.org> > wrote:


> I could feel much more comfortable with a “zero sum” or positive budget.


>…Why? In the last 2 centuries we have dramatically improved our wealth generating machinery, aka our productivity, so as long as the borrowing is not larger than the rate of wealth generation improvement it would make perfect economic sense to borrow … John K Clark


OK, what if productivity unexpectedly drops for some reason?  Does that mean we pay back by that percentage?  How?  And what if expenses simultaneously rise unexpectedly, do we pay for that by… how?


A Ponzi scheme is a great investment until it suddenly isn’t anymore.









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