March 22, 2020. We are living in a time like no other. Covid-19 will change, has changed and will continue to change, our world. Life as we have known it will never be the same. There are few left who survived World War II, the closest approximation that we can arrive at to describe our current situation. Few of those still alive from that period are in positions of power or management. We are on our own with no template for how to act and/or react.
Here in the US, the government is throwing money at it as fast as they can. And while that money will likely help, I don't understand the economics of it. As of today, official estimates of lock-down are from two-to-eighteen months. Where is that money coming from and what is going to happen when it runs out? Economics is not a science of numbers as much as it's a science of social action and interaction. If we aren't interacting, how will we replenish the flow of money coming from the government? I don't know that we have a formula for how a society under quarantine is to operate.
On the other hand, we can't lay down and die. I am certain some business, perhaps some complete industries, won't survive this. But humanity will. Our focus should be to support each other and determine the form said survival will take and institute it...., sooner rather than later.
Here in the US, the government is throwing money at it as fast as they can. And while that money will likely help, I don't understand the economics of it. As of today, official estimates of lock-down are from two-to-eighteen months. Where is that money coming from and what is going to happen when it runs out? Economics is not a science of numbers as much as it's a science of social action and interaction. If we aren't interacting, how will we replenish the flow of money coming from the government? I don't know that we have a formula for how a society under quarantine is to operate.
On the other hand, we can't lay down and die. I am certain some business, perhaps some complete industries, won't survive this. But humanity will. Our focus should be to support each other and determine the form said survival will take and institute it...., sooner rather than later.
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