Injecting Money into the Economic Crisis May or May Not Be a Solution 

Posted April 12, 2020 by stilsonlewis

Pushing an injection of money into the current economic scene may or may not be a good idea.

Pushing an injection of money into the current economic scene, out of the blue may or may not be a good idea.  Just giving money to people to stimulate commercial transactions, buying and selling in times of quarantine, with production reduced to almost nothing, and factories and transnational companies closed is questionable. It can help for now or it might be a smoke ball hiding an avalanche that is looming from a real world  recession in production.  Of course, this could occur facilely in the countries of the first world where they have money reserves raised by their taxes. In countries where the economy was the blood or energy that made that country move by financial transactions and the real internal production of that country.  In third world countries, it could be much more difficult. There are drastic closures , prohibitions and rationing measures as there has never been a sufficient level of production for even those living in luxury to have reserves. But in desperate moments any help is good, you would think. “The test of a society is whether or not you, your family and friends can live in it safely.” L. Ron Hubbard. [email protected]
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Issued By Olga Fajardo
Country United States
Categories Banking , Business , Consumer
Tags money , production , economy , crisis
Last Updated April 12, 2020