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by nck4222 2265 days ago
>Would you trade 9 million unemployed for 9 million dead?

No, I'm not advocating to abort a quarantine and have people return to work.

>It's a fantasy to assume people will just go back to work, the economy will get better, and everything will return to normal

Agreed. I'm advocating we stop believing in this fantasy and face reality that this is the start of a long term recession.

1 comments

Gotcha, sorry, I read your comment as a "we all need to unpause and return to work" message, when it wasn't.

This is definitely the start of interesting times - we don't know how things are going to look at the end of all this. The best economics times have come on the tail end of adversity.

> The best economics times have come on the tail end of adversity.

That can be a long, long time too. The black plague was a boon for workers who survived it since the labor pool was small and consequently wages were higher. Plenty of free land, too. The downside was, you know, the black plague...