I’m no economist, but the massive price tags for relief packages beg a number of questions. Is there a piper to be paid at some point? Are we watching, in real time, the groundwork being laid for a day when it will take a wheelbarrow full of money just to buy a loaf of bread?
Will the short-term relief provided by millions of $1200 deposits and billions$ in business loans (and more to come?) eventually give way to a river of tears, and hardship many of us cannot possibly imagine and would be unprepared to endure?
This pandemic is shaping up to be an unwelcome scourge of unprecedented scope and reach, sowing economic ruin from which many will never recover.
Or I could be wrong about this. I hope so.
3 Cents' 