As we all well know, the cost of doing nothing is steep. That's why the phrase, "cost of doing nothing" exists, presumably.
So whenever some crisis arises, no one wants to be perceived as insensitive to the high price of inaction by suggesting that we wait and see, slow down, or let things play out. Instead, we're all very quick to say, in desperate but authoritative voices, "Well, we have to do something."
After the 2008 financial collapse "the cost of doing nothing" was all anyone wanted to talk about.
We didn't know exactly what to do, but we knew that doing nothing wasn't an option. So in the end, we decided to throw a catastrophic amount of money at the problem. And good thing, too — otherwise, I'm told, unemployment might have surpassed 8 percent.
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