Saturday, March 7, 2020

Airlines

It was announced today that the airlines will lose $100 billion dollars because of the virus. The news gave the impression that somehow this money would just disappear. The money not spent in the airline business will likely be spent in some other way and if not it will be saved or invested. While it may adversely effect the micro economy of the airlines it will not effect the macro economy of the United States or of the world.

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