Will the costs of a great depression outweigh the risks of Coronavirus?
[thefederalist.com]depression-outweigh-the-risks-of-coronavirus/
Federal and state governments are making a massive gamble about a little-understood new virus. They are betting our future on the most extreme worst-case scenario without considering the costs.
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Feel free to reply to any comment by clicking the "Reply" button.If you really give the idea of a full on Depression some thought, IMHO, the death toll of the KUNG- FLU will be minor compared to the death toll of a depression!!!!
My father survived the Depression of the 1930's, and I heard the stories of how he survived, NOT A FUN TIME!!!!!!!
Also, think about what it took to get out of that Depression, WW II, with the lost of 10's of millions of lives!!!!
Yes, people will die from this flu, as they do with most flus, but are we ready to destroy, the economy and possibly this country???????????
THINK ABOUT THIS AND WHAT IT COULD MEAN TO ALL OF US!!!!!!!!!!
Serg97
Level 8
Mar 19, 2020
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WWII, 1939-1945 was after the great depression, 1929-1939, and FDR prolonged the Great Depression by his version of Quantitative Easing - the same thing that made Obama's economy the worst in US history. Most severe economic downturns recover naturally in a free market in a few years historically. FDR's measures made the pain last for 14 years.
This virus is little more than a severe flu, and will soon be recognized as such. The Democrats have driven government spending to "recover" from this event, and will soon also be seen as the architects of disaster.
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