We’re already in a Great Depression

Instead of an imagined “tradeoff” between reviving the economy and safeguarding health, President Donald Trump’s policies are delivering both a great depression and tens of thousands of deaths at the same time. That’s because a tradeoff between economy and health doesn’t exist, except in Trump’s fantasy. Unless people are confident about their safety in the midst of the pandemic, they will not resume normal life. By allowing a premature reopening, which ensures that the epidemic will rage, Trump most likely has condemned America to economic collapse.

via www.msn.com

Professor Sachs might be right, though his advice did not work out so well for the former USSR. But if we don’t open up we’re sunk for sure. If we do open up, we have a chance. I give us better than even odds, but what do I know.