May

10

@VicNiederhoffer Tweets

May 10, 2020 |

May 9th:

Why can't we all stay at home many unemployed receiving more money then when they were at work with the Fed buying the government debt needed to pay universal bailout and unemployment claims. The answer has something to do with you cant consume what you don't produce it is productivity and things that creates material well being. There is no inequality in a dead economy except for the 20 million gov employees who have permanent jobs. We can have universal equality and misery or incentives to create betterment for the individual and goods (perhaps I could have said this better. Would you help me pleases one thing for sure with universal basic income the dems will have a permanent and insurmountable lock on government.

The foregoing is what Mr. Vince is thinking of as to the economy. But he must realize as I have repeatedly said that the economy rise and fall is quite different from the stock markets. And he must be careful to maintain survivability and not to let one trade destroy the legacy that is his.

From @VicNiederhoffer on twitter


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