“Maybe we say, let it BURN...and whoever is left, and healthy enough, gets to inherit this country?”
That has been a rational option from the onset. There IS a plausible argument that the cure is worse than the disease.
But it is not the moral option. At least not yet.
And what do you propose to do when ‘let it burn’ involves unwinding the derivative risk pool underlying the insurers?
Do you have any idea what happens to the country, financially, if that happens?
;’The Great Shutdown Depression’ will be fondly remembered as the ‘good old days’ in comparison.
Imagine what would happen to insurers if a cat5 cane hit every coast at once.
Or the cascadia, new madrid and (pick any fault in California) all went off at the same time.
That ‘burn through it’ is literally a nuclear holocaust of financial harm.
“That (letting it burn through) has been a rational option from the onset. There IS a plausible argument that the cure is worse than the disease...But it is not the moral option. At least not yet.”
Yea, and I’d like to see some other country try it first. The UK essentially said they would, then backed off. No other country that I know of has tried it, not even China, who could stand to lose a couple of hundred million old people.