I'm not in agreement that it is not broken for a couple of reasons, that I'll elaborate on after this statement. While money is the most sophisticated motivational tool human being have ever invented, it is not the primary driver of human beings. At the root, we are all driven by morality. the evidence ... look at how many blocks we'll drive to avoid dealing with a supplier that we have grown to dislike.
That said, from reading Human Action I realize an economy is the total active choices made by all people, all human activity. Every choice that I make is added to the choices that all other people make and it is all based on the circumstances each of us encounters. In other words it is a very difficult thing to accurately predict, human being having free will.
When a government puts the brakes on normal, or stable human action, the predictability factor that business relies on is shattered. 'Just In time' supply chains rely on predictability. From digging up some rock to delivering a CPU requires a near phenomenal lead time and changing a few order will disrupt the flow of goods, and sometimes permanently when an individual business is capitalized too thinly.
Covid restriction drastically altered the behaviour patterns of all of us and the degree of permanent change is still unmeasurable and possibly will remains so for decades.
While I'm sure you are right, that many goods were in containers and flowing through the system continually, prior to Covid most people were happy to have 4 rolls of toilet paper on hand. After Covid restrictions were implemented, how many people were unsatisfied even with 400?
So yes, the government throwing money around is a disruptive factor, but so is the government telling all of us to sit on our hand and wait for the experts to solve an exaggerated health problem. That there are still many people advocating and wearing ineffective paper masks shows the degree as to how much has changed in the past 3 years.
I'm not in agreement that it is not broken for a couple of reasons, that I'll elaborate on after this statement. While money is the most sophisticated motivational tool human being have ever invented, it is not the primary driver of human beings. At the root, we are all driven by morality. the evidence ... look at how many blocks we'll drive to avoid dealing with a supplier that we have grown to dislike.
That said, from reading Human Action I realize an economy is the total active choices made by all people, all human activity. Every choice that I make is added to the choices that all other people make and it is all based on the circumstances each of us encounters. In other words it is a very difficult thing to accurately predict, human being having free will.
When a government puts the brakes on normal, or stable human action, the predictability factor that business relies on is shattered. 'Just In time' supply chains rely on predictability. From digging up some rock to delivering a CPU requires a near phenomenal lead time and changing a few order will disrupt the flow of goods, and sometimes permanently when an individual business is capitalized too thinly.
Covid restriction drastically altered the behaviour patterns of all of us and the degree of permanent change is still unmeasurable and possibly will remains so for decades.
While I'm sure you are right, that many goods were in containers and flowing through the system continually, prior to Covid most people were happy to have 4 rolls of toilet paper on hand. After Covid restrictions were implemented, how many people were unsatisfied even with 400?
So yes, the government throwing money around is a disruptive factor, but so is the government telling all of us to sit on our hand and wait for the experts to solve an exaggerated health problem. That there are still many people advocating and wearing ineffective paper masks shows the degree as to how much has changed in the past 3 years.