Sunday, April 12, 2020

Henry Paulson's Solution to the COVID-19 Panic: Free Money for Everyone for Everything

Hank Paulson
Former Treasury Secretary Hank Paulson who ran the crony Great Recession bankster bailout, now is giving the Trump administration advice.

He has an op-ed in The Washington Post titled, 7 principles for a post-coronavirus economy.

This is the only thing you need to take away from the grand interventionist piece:
We need a more robust system of supplemental income and monthly food, rent and health insurance assistance.
What a way to ruin an economy.

Why would anyone work if supplemental income is handed out in addition to food, rent, and health insurance assistance?

It boggles the mind to try and understand how Paulson must think the economy operates.


1 comment:

  1. The same reason people do volunteer work.

    Believe it or not some people like to work even if they don't need to.

    It is just hard to model or quantify how to essentially have run the economy by volunteers.

    Money is not the motivation for everyone.

    Foe example, people do Peace Corps. Basically these people are just working for a stipend.