> we advocate for govt entities to provide the liquidity to keep safely running the various life sustaining machines that our interdependent world depends on.
There is a very real risk that won't work. If it worked, why would we only do it in emergencies? Government may as well provide funding for essential services all the time.
The government would simply be handing out money to the people working in essential services who are doing real (and quite risky, apparently) work while. You would be receiving the benefits without doing anything. That is almost the 'paid in exposure' meme that artists have to put up with.
The economic system is crafty, it will figure out that there is dead weight somewhere and start to optimise around it. This might be unprecedented so the failure modes are beyond me - but it won't be pretty if it goes on like that. Gluts would probably not be the end of the world but severe shortages are possible.
In Australia we had an official government inquiry into why the price of milk was so persistently low. No other problems. Just low milk prices. That is what happens when a free markets run the food delivery system. That won't happen if the government steps in and starts making decisions about what is fair and who needs which items.
There is a very real risk that won't work. If it worked, why would we only do it in emergencies? Government may as well provide funding for essential services all the time.
The government would simply be handing out money to the people working in essential services who are doing real (and quite risky, apparently) work while. You would be receiving the benefits without doing anything. That is almost the 'paid in exposure' meme that artists have to put up with.
The economic system is crafty, it will figure out that there is dead weight somewhere and start to optimise around it. This might be unprecedented so the failure modes are beyond me - but it won't be pretty if it goes on like that. Gluts would probably not be the end of the world but severe shortages are possible.
In Australia we had an official government inquiry into why the price of milk was so persistently low. No other problems. Just low milk prices. That is what happens when a free markets run the food delivery system. That won't happen if the government steps in and starts making decisions about what is fair and who needs which items.