[salawat]

Markets exist on the pre-supposition of a smoothly functioning society/civilization in which to conduct business; i.e. one not under the pressure of a perceived existential threat. The work exists to be done regardless of how "market signals" make it appear, and last time I checked, nobody has a great track record of either "making" or "applying" an economic wrench in ways that have had very satisfying results in about the last 30 year's or so. We want healthy people, and a minimally burdened healthcare system unroll either herd immunity, or pharmacological treatment becomes possible.

In short, pick up a shovel, and get to work. The Market will continue when people stop fearing existential threats.

Whether or not an economist is happy with that state of affairs is beside the point. Economists don't run the country. People do. Contrary to popular belief, most people are fine leaving money on the table as long as it pays off in the long run in terms of not losing those they care about.