Same with this virus. 80% show no signs of illness. Possible cure and vaccine is on it’s way soon. Yet, we are going to destroy the world economy?
My point was that there are hundreds or thousands of things that are more serious. Yet, we are not driving the world economy to a brink of collapse over them. Heck, since you don’t like the medical malpractice stat, how about obesity. Obesity kills over 300,000 people a year.
The preventable causes of deaths in the world reaches millions, yet we do not panic over them. This virus will never reach pandemic proportions and will soon fade into memory while hundreds of thousands will die for no reason other than we did nothing.
The supply chains are a mess. China shut down entire cities. Tourism is severely disrupted. The big hotel chains and travel companies are projecting millions of dollars in loss revenue. Experts say it could take more than a year to recover. There is talk in Japan of cancelling the Olympics.
Not to mention the virus is now spreading in the US and a 3 dozen other countries.
No matter what, there has been significant economic damage by this virus. A Fed rate cut won’t fix it.
No, it is not that 80% show no signs, but that for 80% it won’t be serious.
And obesity isn’t shutting down our supply chain or likely to burst our medical system beyond its emergency capabilities.
Sure, in another 15 months and even likely over the summer at least, it will be less of a concern than it is now, as we’ll have a vaccine, possibly treatments, and a possible lessening of the virus’s severity.
But your mindset continues to be skewed and your examples off.