Interesting moment. Small firm (think restaurants) owners face softer demand and harder employees. They raise prices, hike pay, and lose money. Landlords aren't flexible, banks don't make loans.In a faceless, anonymous economy, businesses close. Owners invest their assets elsewhere. Employees suffer, consumers lack choice. Economists draw lines on chart that show it's an equilibrium.But we're not anonymous. Firms have faces. They belong to communities. Politics matters. Things never equilibrate.Metro gov'ts can restrict commercial rent hikes. They can close streets for special events, provide free advertising. Employees can join to buyout businesses. Local banks can extend loans.Soft landings are hard work.

Interesting moment. Small firm (think restaurants) owners face softer demand and harder employees. They raise prices, hike pay, and lose money. Landlords aren't flexible, banks don't make loans.In a faceless, anonymous economy, businesses close. Owners invest their assets elsewhere. Employees suffer, consumers lack choice. Economists draw lines on chart that show it's an equilibrium.But we're not anonymous. Firms have faces. They belong to communities. Politics matters. Things never equilibrate.Metro gov'ts can restrict commercial rent hikes. They can close streets for special events, provide free advertising. Employees can join to buyout businesses. Local banks can extend loans.Soft landings are hard work.

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