[N]ow the UK government is... paying 80% of salaries of millions of workers, although this is supposed to wind down over time. ...[T]he German government ...so famous for fiscal conservatism, basically abolished this law that put the ceiling on public debt because... the German government realized that they... cannot manage this... in compliance with that law... Many governments are... subsidizing, and lending at subsidized interest rates... [to] many many companies. Some governments are talking about issuing government bond[s] with the negative interest rate... Every conventional wisdom in the neoliberal playbook has been... destroyed.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "[N]ow the UK government is... paying 80% of salaries of millions of workers, although this is supposed to wind down over time. ...[T]he German government ...so famous for fiscal conservatism, basically abolished this law that put the ceiling on public debt because... the German government realized that they... cannot manage this... in compliance with that law... Many governments are... subsidizing, and lending at subsidized interest rates... [to] many many companies. Some governments are talking about issuing government bond[s] with the negative interest rate... Every conventional wisdom in the neoliberal playbook has been... destroyed." in the context of "Also see List of countries by government debt (as a percentage of GDP)." to mean that wisdom is timeless.