The funny thing is it's so obvious this is the main thing Trump is scared of, more than he cares about sickness and death, he doesn't even want to breathe the word "recession" lest he conjure it into being, and yet it's already obviously starting
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Come on, China forcibly shut down half the country, Japan kept their kids home from school for a month, everyone is canceling all their big public events and festivals and conferences How the hell could it not affect the economy
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What's really upsetting is the news of him having meetings to figure out an "economic response" to the crisis, as though that's actually a separate thing You can't mask this shit with policy tweaks like a tax cut stimulus, okay, it's a real objective thing that's happening
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In econ terms it's called an "exogenous shock" Unlike what FDR said about the Great Depression, the only thing we have to fear is *not* fear itself, we have to fear an actual virus The shortage of wealth caused by the shortage of labor is a real thing
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