Okay, today in "Ellie tries to understand financial markets," why is the Coronavirus tanking stocks? 1) it's not going to, like, kill all the consumers 2) it will increase health care costs, and health care is part of financial markets So I'm confused?
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WWII got us out of the Depression in the sense that the Axis threat gave FDR the power to directly force factories to hire people and step up production, to get people into the workforce and trained for trades via the military, to run big government deficits to raise cash, etc
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But it's a massive failure of our politics that we can only do that kind of thing when we're frightened for our lives Big picture, all of that economic power used to blow shit up and burn down buildings was wasted Every person killed was an economic loss
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