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Best Web OpEds    H3'ed 3/24/20

In Times of Crisis How to Prevent an Economic Meltdown..

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The world is presently going through a convergence of health and economic crises that creates a perfect economic storm for which many countries are not prepared at all to handle
The world is presently going through a convergence of health and economic crises that creates a perfect economic storm for which many countries are not prepared at all to handle
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Of course, besides taking the required measures to prevent the virus crisis from spreading and preventing panics, governments must take, on the economic and financial fronts, some fiscal, regulatory and monetary steps to prevent a deflationary downward spiral of economic activity and to stabilize the financial system. They must, above all, prevent human suffering and help workers, families and communities under financial strain..  

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked (more...)
 

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2 people are discussing this page, with 3 comments  Post Comment


Lance Ciepiela

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Coronavirus isn't coming to the United States, it's here. Even if its worst-case scenarios are never realized, the economic and potentially political pain will be massive. #CoronavirusHoarder. #Layoffs.

Submitted on Tuesday, Mar 24, 2020 at 2:57:17 PM

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Dennis Kaiser

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Rather than simply giving what has already been $3 Trillion to the financial cabal directly where it has failed to prop up the stock market and has benefitted nobody wouldn't it make more sense to give the same $3 Trillion (approximately $11,000 per adult) to all adult citizens who would put it in the financial system. The monies would go into banks, not CEO bonus checks, and then would go to purchasing food, energy, paying off loans, and other essentials thus improving our economy. That would be Socialism you say? What is giving money to corporations and banks called then?

Submitted on Wednesday, Mar 25, 2020 at 4:51:05 PM

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Lance Ciepiela

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Reply to Dennis Kaiser:   New Content

Yes, indeed, it surely would 'make more sense', during and after the COVID-19/coronavirus/economic crisis, to deliver 'Helicopter Money' directly to the American People, who's currency should be 'their own debt-free money' with 'the US Treasury having sole legal authority to issue new money for the benefit of the American public rather than the benefit of the banking industry'. The national debt 'would be cancelled as it becomes a bookkeeping entry with nationalization'. Yes, a #DebtJubilee 'is the only way to avoid a depression'. #PublicHealthCrisis. #SlowResponse.

Submitted on Wednesday, Mar 25, 2020 at 8:13:37 PM

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