I sent my husband to our local bank to pull out cash, a lesson from before the financial crisis (which I remember like it was yesterday).
We had to take the money out in $20 bills, because there was already a massive bank run here on Friday. The bank said they were ordering more cash, and could have the money in $100 bills on Wednesday. We took the twenties. I feel like a drug dealer.
We aren’t alone – New York’s elite has been pulling out cash for weeks. You can’t control the policy response to a crisis like this, and I would have never in a million years anticipated that state and local governments could be this stupid.
I worry quite a bit about the people who rely on government benefits to get by. Those are funded out of state and local governments’ tax bases, which they just destroyed.