Coronavirus Thread IV: Legends, Laments and Lockdowns

[San Lumen]

That's if we can get a vaccine which im hopeful we can. The CDC said the article that sparked this conversation is nonsense

If we can't get a vaccine this will become a normal thing and life expectancy drops by 10 to 20 years.

I very much doubt that and I think we will get one. Very few want to live like this for years to come. I want in person contact and social interaction. Im too much of people person to not have it. There are many others like me. The mental toll its taken is difficult to describe

[Post War America]

Most countries operate with a fiat currency you know. That means they can print additional money in situations where the economy needs additional spending. For somebody who insists on quoting out of their Econ textbook I'm surprised you haven't read that yet.

and do you understand the concept of the tourism multiplier which Australian Republic explained beautifully or are you going to wave it away as well with some unfeasible solution?

I understand the tourism multiplier yes. Talking about the tourism multiplier when discussing state subsidies for failing industries is like trying to shut down discussion about baseball by talking about the jackhammer problem.

The whole point is to allow theater to continue to exist as a public good, regardless of whether or not it is financially viable.

[Australian rePublic]

If we can't get a vaccine this will become a normal thing and life expectancy drops by 10 to 20 years.

I very much doubt that and I think we will get one. Very few want to live like this for years to come. I want in person contact and social interaction. Im too much of people person to not have it. There are many others like me. The mental toll its taken is difficult to describe

I'm the opposite. I'm very much the opposite. I am very much an introvert. I don't mind social distancing at all. My life has changed very little since lockdown ended but social distancing was still in force. I, however, empathise with you Lumen. This would be a very suckish time for extroverts. I feel for you Lumen

[The Alma Mater]

If we can't get a vaccine this will become a normal thing and life expectancy drops by 10 to 20 years.

I very much doubt that and I think we will get one. Very few want to live like this for years to come. I want in person contact and social interaction. Im too much of people person to not have it. There are many others like me. The mental toll its taken is difficult to describe

If this minor inconvenience already hurts you so much, how will you ever survive a true crisis like war ?
Genuine question.

[San Lumen]

and do you understand the concept of the tourism multiplier which Australian Republic explained beautifully or are you going to wave it away as well with some unfeasible solution?

I understand the tourism multiplier yes. Talking about the tourism multiplier when discussing state subsidies for failing industries is like trying to shut down discussion about baseball by talking about the jackhammer problem.

The whole point is to allow theater to continue to exist as a public good, regardless of whether or not it is financially viable.

and how it going to stay in business its its not financially viable? where is the money going to come from? Trees?

What's going to happen to Nashville whose economy is based around music? My cousins husband is in the industry. Do we give a federal bailout to Nashville? Its very doubtful to be passed

[San Lumen]

I very much doubt that and I think we will get one. Very few want to live like this for years to come. I want in person contact and social interaction. Im too much of people person to not have it. There are many others like me. The mental toll its taken is difficult to describe

If this minor inconvenience already hurts you so much, how will you ever survive a true crisis like war ?
Genuine question.

I have issues with anxiety and mental health. I'd rather not go into great detail.

I very much doubt that and I think we will get one. Very few want to live like this for years to come. I want in person contact and social interaction. Im too much of people person to not have it. There are many others like me. The mental toll its taken is difficult to describe

I'm the opposite. I'm very much the opposite. I am very much an introvert. I don't mind social distancing at all. My life has changed very little since lockdown ended but social distancing was still in force. I, however, empathise with you Lumen. This would be a very suckish time for extroverts. I feel for you Lumen

Thank you for your understanding. I wish more thought like you.

[Post War America]

I understand the tourism multiplier yes. Talking about the tourism multiplier when discussing state subsidies for failing industries is like trying to shut down discussion about baseball by talking about the jackhammer problem.

The whole point is to allow theater to continue to exist as a public good, regardless of whether or not it is financially viable.

and how it going to stay in business its its not finically viable? where is the money going to come from? Trees?

What's going to happen to Nashville whose economy is based around music? My cousins husband is in the industry. Do we give a federal bailout to Nashville? Its very doubtful to be passed

You do realize that about 90% of the US dollars in the world exist only as numbers on servers right? Like for somebody who claims to be better versed in economics than me, surely you remember that?

Then the problem is political, and not practical. The lack of will on the part of congress to repeat its shitting out 1+ trillion dollars to bailout major financial institutions on two separate occasions, to bail out industries that actually provide value to the community is saddening, but entirely avoidable.

[Australian rePublic]

and do you understand the concept of the tourism multiplier which Australian Republic explained beautifully or are you going to wave it away as well with some unfeasible solution?

I understand the tourism multiplier yes. Talking about the tourism multiplier when discussing state subsidies for failing industries is like trying to shut down discussion about baseball by talking about the jackhammer problem.

The whole point is to allow theater to continue to exist as a public good, regardless of whether or not it is financially viable.

Yea, jackhammers and baseball are very unrelated. Until the jackhammer drills into the baseball pitch, then the jackhammer is the cause of the baseball discussion. You still have failed to answer my question, however, how in the fudge will the government be able to afford to pay for theatres? Where will they get the money? I'm still waiting for this answer. One of the biggest contributors to the economy has now become a drain on the economy, so how can the government afford to subsidise it? Where will they find the money?

If I had a $2000 weekly income, and Jim was responsible for $500 of that $2000 income, and I have $1500 in weekly expenses. And now Jim, all of a sudden, without any warning, demands that I pay him $1000 weekly. Where am I supposed to get the money to pay Jim?

Let's see how long the world's millionaire entertainers will virtue signal to us about staying at home and put lives ahead of economy will tolerate the cessation of their own income before they stop virtue signalling

[Thermodolia]

And nothing of value was lost

Pardon me? Nothing of value?

You heard me

[Thermodolia]

I understand the tourism multiplier yes. Talking about the tourism multiplier when discussing state subsidies for failing industries is like trying to shut down discussion about baseball by talking about the jackhammer problem.

The whole point is to allow theater to continue to exist as a public good, regardless of whether or not it is financially viable.

Yea, jackhammers and baseball are very unrelated. Until the jackhammer drills into the baseball pitch, then the jackhammer is the cause of the baseball discussion. You still have failed to answer my question, however, how in the fudge will the government be able to afford to pay for theatres? Where will they get the money? I'm still waiting for this answer. One of the biggest contributors to the economy has now become a drain on the economy, so how can the government afford to subsidise it? Where will they find the money?

If I had a $2000 weekly income, and Jim was responsible for $500 of that $2000 income, and I have $1500 in weekly expenses. And now Jim, all of a sudden, without any warning, demands that I pay him $1000 weekly. Where am I supposed to get the money to pay Jim?

Let's see how long the world's millionaire entertainers will virtue signal to us about staying at home and put lives ahead of economy will tolerate the cessation of their own income before they stop virtue signalling

That’s why you drain the multi-millionaires of their money to fund everyone else. Bezos can do with only 10 million. The federal government will use the rest of his billions

[Post War America]

I understand the tourism multiplier yes. Talking about the tourism multiplier when discussing state subsidies for failing industries is like trying to shut down discussion about baseball by talking about the jackhammer problem.

The whole point is to allow theater to continue to exist as a public good, regardless of whether or not it is financially viable.

Yea, jackhammers and baseball are very unrelated. Until the jackhammer drills into the baseball pitch, then the jackhammer is the cause of the baseball discussion. You still have failed to answer my question, however, how in the fudge will the government be able to afford to pay for theatres? Where will they get the money? I'm still waiting for this answer. One of the biggest contributors to the economy has now become a drain on the economy, so how can the government afford to subsidise it? Where will they find the money?

If I had a $2000 weekly income, and Jim was responsible for $500 of that $2000 income, and I have $1500 in weekly expenses. And now Jim, all of a sudden, without any warning, demands that I pay him $1000 weekly. Where am I supposed to get the money to pay Jim?

Let's see how long the world's millionaire entertainers will virtue signal to us about staying at home and put lives ahead of economy will tolerate the cessation of their own income before they stop virtue signalling

I already answered your question. Most countries have this thing called a sovereign fiat currency, the wealthy ones, those that can support multi-million dollar theater industries have reserve sovereign fiat currencies. Fiat currencies can have their supply created by a declarative act, and the printing of roughly 6-20% of the currency in physical form, depending on what ratio banks are required to keep in reserve to what they're allowed to loan out. Countries with sovereign fiat currencies don't need to wait for the another country to do this. Countries with reserve sovereign fiat currencies are less likely to face major inflationary problems in the short term.

Is it feasible in the long term, probably not. However, we are talking about solutions to a short term crisis are we not? I believe I have already done some maths of my own for how long the US could expand its money supply before hyperinflation sets in, and it was something like 10 years of extremely large monthly expansions to reduce the dollar to one percent of its current value, assuming current trends, which in the grand scheme of things is a very mild case of hyperinflation.

As for your snide final comments I will only say this, at the immediate moment, I'm breaking my body to ensure that people like Lumen and you have food on your tables because the industry I worked so hard to get into is definitely on hiatus for the immediate future and possibly indefinitely, I am getting rather sick of this notion that trying to fight a crisis is somehow an elitist position.

[San Lumen]

Yea, jackhammers and baseball are very unrelated. Until the jackhammer drills into the baseball pitch, then the jackhammer is the cause of the baseball discussion. You still have failed to answer my question, however, how in the fudge will the government be able to afford to pay for theatres? Where will they get the money? I'm still waiting for this answer. One of the biggest contributors to the economy has now become a drain on the economy, so how can the government afford to subsidise it? Where will they find the money?

If I had a $2000 weekly income, and Jim was responsible for $500 of that $2000 income, and I have $1500 in weekly expenses. And now Jim, all of a sudden, without any warning, demands that I pay him $1000 weekly. Where am I supposed to get the money to pay Jim?

Let's see how long the world's millionaire entertainers will virtue signal to us about staying at home and put lives ahead of economy will tolerate the cessation of their own income before they stop virtue signalling

I already answered your question. Most countries have this thing called a sovereign fiat currency, the wealthy ones, those that can support multi-million dollar theater industries have reserve sovereign fiat currencies. Fiat currencies can have their supply created by a declarative act, and the printing of roughly 6-20% of the currency in physical form, depending on what ratio banks are required to keep in reserve to what they're allowed to loan out. Countries with sovereign fiat currencies don't need to wait for the another country to do this. Countries with reserve sovereign fiat currencies are less likely to face major inflationary problems in the short term.

Is it feasible in the long term, probably not. However, we are talking about solutions to a short term crisis are we not? I believe I have already done some maths of my own for how long the US could expand its money supply before hyperinflation sets in, and it was something like 10 years of extremely large monthly expansions to reduce the dollar to one percent of its current value, assuming current trends, which in the grand scheme of things is a very mild case of hyperinflation.

As for your snide final comments I will only say this, at the immediate moment, I'm breaking my body to ensure that people like Lumen and you have food on your tables because the industry I worked so hard to get into is definitely on hiatus for the immediate future and possibly indefinitely, I am getting rather sick of this notion that trying to fight a crisis is somehow an elitist position.

What industry would that be?

No one said fighting a crisis was an elitist position. Your comments about theatre though were highly arrogant

[Post War America]

I already answered your question. Most countries have this thing called a sovereign fiat currency, the wealthy ones, those that can support multi-million dollar theater industries have reserve sovereign fiat currencies. Fiat currencies can have their supply created by a declarative act, and the printing of roughly 6-20% of the currency in physical form, depending on what ratio banks are required to keep in reserve to what they're allowed to loan out. Countries with sovereign fiat currencies don't need to wait for the another country to do this. Countries with reserve sovereign fiat currencies are less likely to face major inflationary problems in the short term.

Is it feasible in the long term, probably not. However, we are talking about solutions to a short term crisis are we not? I believe I have already done some maths of my own for how long the US could expand its money supply before hyperinflation sets in, and it was something like 10 years of extremely large monthly expansions to reduce the dollar to one percent of its current value, assuming current trends, which in the grand scheme of things is a very mild case of hyperinflation.

As for your snide final comments I will only say this, at the immediate moment, I'm breaking my body to ensure that people like Lumen and you have food on your tables because the industry I worked so hard to get into is definitely on hiatus for the immediate future and possibly indefinitely, I am getting rather sick of this notion that trying to fight a crisis is somehow an elitist position.

What industry would that be?

Typo, multi-million dollar theater industries. The countries that tend to have those tend to be what we would call high income, developed nations, IE those that tend to have reserve sovereign fiat currencies.

As for the latter, it is merely repeating a line ya'll tend to repeat whenever the industry of working class folks gets utterly destroyed. Usually its something on the lines of "dumb hicks should've learned to code".

[Shanghai industrial complex]

And where are you gonna get the money from? No country has infinite coffers

Most countries operate with a fiat currency you know. That means they can print additional money in situations where the economy needs additional spending. For somebody who insists on quoting out of their Econ textbook I'm surprised you haven't read that yet.

It's stupid to save an industry by issuing more money.Although the United States can pass on the cost to the world through its financial advantages,but that interrupted the spontaneous clearing process of the market.For example ,the aftermath of the financial crisis of 2008 has survived to this day and it's not solved.At this time, the government should let these fragile industries go bankrupt.They will be healthier and stronger in the future.

[San Lumen]

Most countries operate with a fiat currency you know. That means they can print additional money in situations where the economy needs additional spending. For somebody who insists on quoting out of their Econ textbook I'm surprised you haven't read that yet.

It's stupid to save an industry by issuing more money.Although the United States can pass on the cost to the world through its financial advantages,but that interrupted the spontaneous clearing process of the market.For example ,the aftermath of the financial crisis of 2008 has survived to this day and it's not solved.At this time, the government should let these fragile industries go bankrupt.They will be healthier and stronger in the future.

Yeah let’s let broadway die and 4 billion dollars evaporates. That would have no effect on the city economy whatsoever

[Australian rePublic]

Yea, jackhammers and baseball are very unrelated. Until the jackhammer drills into the baseball pitch, then the jackhammer is the cause of the baseball discussion. You still have failed to answer my question, however, how in the fudge will the government be able to afford to pay for theatres? Where will they get the money? I'm still waiting for this answer. One of the biggest contributors to the economy has now become a drain on the economy, so how can the government afford to subsidise it? Where will they find the money?

If I had a $2000 weekly income, and Jim was responsible for $500 of that $2000 income, and I have $1500 in weekly expenses. And now Jim, all of a sudden, without any warning, demands that I pay him $1000 weekly. Where am I supposed to get the money to pay Jim?

Let's see how long the world's millionaire entertainers will virtue signal to us about staying at home and put lives ahead of economy will tolerate the cessation of their own income before they stop virtue signalling

I already answered your question. Most countries have this thing called a sovereign fiat currency, the wealthy ones, those that can support multi-million dollar theater industries have reserve sovereign fiat currencies. Fiat currencies can have their supply created by a declarative act, and the printing of roughly 6-20% of the currency in physical form, depending on what ratio banks are required to keep in reserve to what they're allowed to loan out. Countries with sovereign fiat currencies don't need to wait for the another country to do this. Countries with reserve sovereign fiat currencies are less likely to face major inflationary problems in the short term.

Is it feasible in the long term, probably not. However, we are talking about solutions to a short term crisis are we not? I believe I have already done some maths of my own for how long the US could expand its money supply before hyperinflation sets in, and it was something like 10 years of extremely large monthly expansions to reduce the dollar to one percent of its current value, assuming current trends, which in the grand scheme of things is a very mild case of hyperinflation.

As for your snide final comments I will only say this, at the immediate moment, I'm breaking my body to ensure that people like Lumen and you have food on your tables because the industry I worked so hard to get into is definitely on hiatus for the immediate future and possibly indefinitely, I am getting rather sick of this notion that trying to fight a crisis is somehow an elitist position.

I thought we were talking long term

[Australian rePublic]

My mental health wasn't in the best state before this pandemic, and now it's gone to shit through this pandemic. How did our ancestors put up with this shit all time?

[The Alma Mater]

My mental health wasn't in the best state before this pandemic, and now it's gone to shit through this pandemic. How did our ancestors put up with this shit all time?

They died. A lot.

[Australian rePublic]

My mental health wasn't in the best state before this pandemic, and now it's gone to shit through this pandemic. How did our ancestors put up with this shit all time?

They died. A lot.

From mental health issues?

[Post War America]

I already answered your question. Most countries have this thing called a sovereign fiat currency, the wealthy ones, those that can support multi-million dollar theater industries have reserve sovereign fiat currencies. Fiat currencies can have their supply created by a declarative act, and the printing of roughly 6-20% of the currency in physical form, depending on what ratio banks are required to keep in reserve to what they're allowed to loan out. Countries with sovereign fiat currencies don't need to wait for the another country to do this. Countries with reserve sovereign fiat currencies are less likely to face major inflationary problems in the short term.

Is it feasible in the long term, probably not. However, we are talking about solutions to a short term crisis are we not? I believe I have already done some maths of my own for how long the US could expand its money supply before hyperinflation sets in, and it was something like 10 years of extremely large monthly expansions to reduce the dollar to one percent of its current value, assuming current trends, which in the grand scheme of things is a very mild case of hyperinflation.

As for your snide final comments I will only say this, at the immediate moment, I'm breaking my body to ensure that people like Lumen and you have food on your tables because the industry I worked so hard to get into is definitely on hiatus for the immediate future and possibly indefinitely, I am getting rather sick of this notion that trying to fight a crisis is somehow an elitist position.

I thought we were talking long term

If we were talking about the long term way to fund the arts, we probably would not be discussing it on a thread about the Coronavirus crisis.

[Australian rePublic]

I thought we were talking long term

If we were talking about the long term way to fund the arts, we probably would not be discussing it on a thread about the Coronavirus crisis.

Ha? The original post with regards to this was permanent social distancing caused by being unable to ever develop a vaccine. Ever

[Greed and Death]

They died. A lot.

From mental health issues?

How far back ancestors ?

a large portion of the anxiety and depression comes from the fact we are not constantly struggling to survive.

[Australian rePublic]

From mental health issues?

How far back ancestors ?

a large portion of the anxiety and depression comes from the fact we are not constantly struggling to survive.

What, really?

[San Lumen]

If we were talking about the long term way to fund the arts, we probably would not be discussing it on a thread about the Coronavirus crisis.

Ha? The original post with regards to this was permanent social distancing caused by being unable to ever develop a vaccine. Ever

A vaccine is going to be found. If not that a viable treatment and we won’t need any of the current measures anymore

[Greed and Death]

How far back ancestors ?

a large portion of the anxiety and depression comes from the fact we are not constantly struggling to survive.

What, really?

Yes are nervous system is not designed for contentment. Anxiety is designed to push us to constantly think about food and how to get it. Depression is a result of the fact we no longer have to work until exhaustion just to live.

So if you have these pressing mental issues take heart because it means you are in a safe and secure position that our brain chemistry did not evolve to handle.