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Comment by msgodel

6 days ago

Yeah everyone involved in that should have been shot. That's part of what led to the situation we have today.

5 comments

msgodel

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dmix  6 days ago

Short term thinking dominates economics these days. Managing the current downturn is most important, when people ask about longterm implications do a bunch of hand wavy stuff about it being temporary and then kick the can to the next guys who do the same thing.

  • vkou  5 days ago

    > Short term thinking dominates economics these days.

    Especially among people criticizing the response to 2008/2020.

    Failing to mitigate sickness in capital markets and the economy in the short term would have inflicted far more damage in the long term.