Row 74730

Row ID: 74730 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 74730 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Maybe you should have had more than one month's expenses, then. Don't we tell regular people to keep six months' expenses in savings?

The problem is this: businesses that were reckless and didn't have enough saved to withstand Covid should have failed. We should've let the risk be realized. That way, the businesses that did save would be left standing, and those that didn't would fail. By backstopping businesses and never allowing the risks they took to be realized, we've incentivized further reckless behavior. Why should I save some cash to weather the storm when I can take that as profit?

How can a business that operates conservatively compete against one that behaves recklessly? They can't, but in the past, a black swan event like this would've wiped out everyone who was reckless, leaving businesses that planned better. Which one do you think it's better to support?

FieldValue
text Maybe you should have had more than one month's expenses, then. Don't we tell regular people to keep six months' expenses in savings? The problem is this: businesses that were reckless and didn't have enough saved to withstand Covid should have failed. We should've let the risk be realized. That way, the businesses that did save would be left standing, and those that didn't would fail. By backstopping businesses and never allowing the risks they took to be realized, we've incentivized further …
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

{
  "text": "Maybe you should have had more than one month's expenses, then. Don't we tell regular people to keep six months' expenses in savings? \n\nThe problem is this: businesses that were reckless and didn't have enough saved to withstand Covid should have failed. We should've let the risk be realized. That way, the businesses that did save would be left standing, and those that didn't would fail. By backstopping businesses and never allowing the risks they took to be realized, we've incentivized further reckless behavior. Why should I save some cash to weather the storm when I can take that as profit? \n\nHow can a business that operates conservatively compete against one that behaves recklessly? They can't, but in the past, a black swan event like this would've wiped out everyone who was reckless, leaving businesses that planned better. Which one do you think it's better to support?",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1oQ1lDeGYtN3l1eXRIbVVCMW9jX1ppV1NQbHdFQVlrTWYxbEItWkd6dWp2WndyVDRrXzc1V2Z2a2FtV1RZeDdWRy10Vm1pdU1HYU5Bc2lNLUpOTVlsY0E9PQ==",
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