Wednesday, April 01, 2020

Fallbacks

An economic contraction can happen anytime, no matter what the Fed fancies its powers to be. And if it is deep enough and long enough, we have to consolidate: families take in fledged children, cousins, elderly aunts--and make do until opportunities open up.

Which suggests two questions...

Do we (on average) retain enough sense of extended family to be able to make that a real option?

Do we have the legal framework to define such mutual support? (Insurance, IRS tax status, etc). We've been busily trying to redefine marriage, but what about defining an ordinary extended family?

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