SweetSue92
Diamond Member
- Jul 18, 2018
- 33,802
- 29,035
The economy is being harmed by the Coronavirus hysteria created by the mainstream media. The virus itself will not harm our economy that much as long as we don't over-react. Most of the damage being done by the Coronavirus is being done by people talking about it and over-reacting. Contrast this with how well the world handled the flu pandemic of 1918. The stock market in the USA actually only dropped about 5% that year.
To put things into perspective, the 1918 flu killed about 50,000,000 people out of 1.6 billion. Today, that would be proportional to a virus killing about 215 million people worldwide. That sounds like it would be devastating, except if there was no global market crash in 1918, there is certainly no reason for us to panic and create one today.
We need to stop panicking, stoically let the virus run its course and keep working or we might suffer an economic depression.
I think there's a happy medium between "do absolutely nothing about the virus and just keep the economy going", and what we're doing now--which is basically bring the economy to a screeching halt.
IMO we have done TOO much to halt the virus and we're doing untold damage to the economy. It has to be reversed NOW. The economic destruction is moving faster than the virus is spreading.