OR governments have demonstrated that they can take extreme decisions without warning, so businesses price accordingly. If you operate in this economy with unstable decision-making, then it creates margins to prepare padding.

Even if all businesses were cash-flow-positive during Covid, the environment is still more unstable.

This.

If govs can print out 2x the money supply in a few years, you want to “cash out” profits as fast as possible instead of reinvesting them.

Huh? Wouldn’t you want to reinvest in a real asset like a business instead of holding cash that inflates away?

What is the point of sweating more in your business when just parking your money in real-estate and stocks will provide you more money?

Might as well as raise prices, work less, and extract more money to these passive assets.

In name only.

> extreme decisions without warning

As opposed to previous decades where we only invaded several countries and started a few wars. Or the decades prior US had the draft to send young men against their wilk to fight a war in vietnam. Or the war with china in Korea. Or wolld war?

This is amongst the calmest decades in terms of government actions

Crisitunity!