alt Hacker NewsShort term thinking dominates economics these days. Managing the current downturn is most important, when people ask about longterm implications do a bunch of hand wavy stuff about it being temporary and then kick the can to the next guys who do the same thing.
> Short term thinking dominates economics these days.
Especially among people criticizing the response to 2008/2020.
Failing to mitigate sickness in capital markets and the economy in the short term would have inflicted far more damage in the long term.