TRIGGERnometry Will We Have a Rapid Recovery?
Apr 22, 2020
Mike Driver, a serial entrepreneur and Chairman of Convex Capital, shares his insights on the economic impacts of government policies amid the pandemic. He discusses the harsh realities faced by businesses during lockdowns and scrutinizes government support measures. The conversation also delves into inflation risks, the fragility of personal savings, and the shift towards more flexible work environments. Mike injects humor into the dialogue while addressing serious issues like vaccination, civil liberties, and the disconnect between policymakers and real-world business challenges.
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Lockdown Consequences
- Governments must consider the consequences of lockdowns.
- They should act calmly and avoid panicking, as panic breeds chaos.
Bailing Out Businesses
- Businesses struggling pre-COVID shouldn't be bailed out indiscriminately.
- Taxpayers deserve equity in exchange for government support.
Small Business Dynamics
- Many small businesses operate month-to-month, relying heavily on cash flow.
- Government loans create fragility, shattering the covenant between citizens and society.