Category: Free Content
On the economics of the coronavirus panic, scholars and editorialists commonly have compared it to the Great Depression, World War II, the Great Recession of a decade ago or some other event, but…the best comparison is what is ironically called “The Great Depression of 1946,” because there was no Great Depression, or even a small recession.
While Paris started the year in the midst of a transportation strike that the strikers by and large lost in the end, there was only a brief respite for the hospitality industry as the specter of the global panic pandemic landed in Europe and then worked its way west.
A close relative, in a comment “by the way,” hoped I was taking COVID seriously, since the problem was becoming acute in her part of California. It was a reasonable remark, and I responded: I take all potentially fatal diseases seriously, but the media are as usual lying to the public almost as badly as the Chinese government has been lying. Looking at at the Italian situation—far more drastic than here in the States—99% of the people dying have been old—average age 79 years nine months—and with underlying conditions, cardiac, respiratory, diabetic. Telling athletic young people to fear death is...