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For socialists and those who lean that way, pandemic time is boom time. Washington is printing and spending money like never before and both parties support sending cash to businesses and the unemployed.
JIM BRESLO: CORONAVIRUS IN LOS ANGELES – THESE DRACONIAN RESTRICTIONS DON'T MAKE SENSE
Rent and mortgage payments are being deferred, "Medicare-for-all" is getting a second look and support is growing for a program that would take the nation across the economic Rubicon — a guaranteed basic income.
Seldom is heard those cautionary words of yesteryear, “moral hazard.” A time of great need and fear is shattering any stigma about being on the dole.
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A logical conclusion is that politics will follow culture and Bernie Sanders- and AOC-types will call the shots in America. Unless Republicans and conservatives get on board, they will be consigned to history’s dustbin.
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Perhaps. But pay attention to another potential reaction to the pandemic. Think of it as the revenge of the nonessentials.
CLICK HERE TO CONTINUE READING MICHAEL GOODWIN'S COLUMN IN THE NEW YORK POST