Wednesday, April 08, 2020

When the doctor recommends slowing down Mr. economy, high overhead makes that difficult

After corona virus shut down, things may have to open up gradually to avoid the spread of the virus continuing to haunt us. Things may need to come back toward normal gradually and cautiously.

Maybe there will need to be new sets of rules for maximum capacity. Rules set by health departments, rather than just the existing capacity rules set by fire departments. Places trying to be less popular, so to speak, but just having a mellow flow where distancing can still be maintained.

There needs to be long term relief on overhead costs, such as rent and insurance costs, so business can survive at a slower pace. Less overhead could make society more resilient to this kind of situation where slowing down, at least temporarily, is just what the doctor ordered.

Relief even if it has to come from printed money because I think it's printed money, to a large extent that has lead to dramatic inflation of property values, rents and other overhead in the past few decades. To keep solvent, we may be in a situation of printed money to keep up with prices created by earlier printed money.

The rat race; another problem in normal society revved up by high overhead, high rents.

A somewhat slower economy could be better for human well being and the natural environment. Progress in science and other fields can still happen, but just a bit more intentionally. During the corona virus shutdown people were dragged, in some cases maybe kicking and screaming, farther into online existence. Schools moving their classes online, people shopping online, things like Zoom video conferencing getting real popular. Less commuting traffic, more work from home. History keeps moving on.