( When Life Starts Again: Should The Whole World Reset At “O”?)
Written on 3–28–2020.
Lets start off with the fact that I am not an Economists and this heading is simply a question that formed in my mind. Is this a question that has merit enough to be seriously looked at? If the shutdown does in deed last till September first and the post COVID-19 comes out of its womb fresh at that time, how about it if no one, no company, no Government in the whole world, no one, owed any debt? Why not have a fresh new world and then try not to screw up this second one? It is true that some people, some groups, some businesses and some Governments are going to come out negative on some of their balance sheets. Yet on the other hand, all of their debts are forgiven, this should in the long run come pretty close to evening out a new fairer nicer world order. Well, at least this is my thought on the issue. What is your thoughts, would this work?