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Destroying the Economy is not a Social Policy

Destroying the Economy is not a Social Policy

The economy is the heart of the social body. If we shut down the heart of an organism to safeguard the hands and brain, the body dies.

The data on deaths and infected from the Covid-19 coronavirus epidemic is alarming. Let us remember the deceased, the infected and their families, and applaud the response of civil society, businesses, and citizens.

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Governments Will Use The Coronavirus Card To Downgrade Estimates And Increase Interventionism

For An Effective Response To The Upcoming Crisis

Before analyzing the emergency plans that the global economy needs, we must remember that, as in the past, the prudence and responsibility of the civil society and businesses will help us to get out of this crisis.

In the face of an unprecedented crisis, we have to be realistic, responsible and cautious.

This is a supply shock added to a mandatory shutdown of the economy. As such, a serious response must be supply-side driven. It is ludicrous to try to stimulate demand with printed money and public spending in a forced lockdown where any extra demand will not drive supply up, even may drive it down.

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