Daily Archives: 2020-03-26 06:34:06 GMT+0000

Coronavirus

Many newsfeeds and tweets have freaked me out but these two remain uppermost in the “freak out” department:

The Pandemic Is Going To Cost Us $5 Trillion … Or More

We Ran the Numbers. They’re Devastating

The $1 trillion coronavirus relief package Congress passed won’t come close to making up for the damage caused by COVID-19 and the Trump administration’s lethal dawdling.

We need the government to act or we could fall into a depression rivaling the 1930s.

An 18-month crisis is widely expected. The Trump administration plan is for 18 months. That implies $5 trillion based on my calculations.

The ultimate cost of this novel virus is likely to be north of $7 trillion, assuming this pandemic endures for two years, as German public health officials warn.

and . . .

Coronavirus is spreading rapidly in the US. American culture might make it uniquely vulnerable

Now is hardly the time to be attacking opposition parties, least of all media, as if they are the ones to hold us back. I would expect a civilized society to rise above that sort of thing.

The 1930s depression did not end well for the world. History does not repeat, I know, but I do often think I see times when it rhymes.