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Will The Costs Of A Great Depression Outweigh The Risks Of Coronavirus?
The Federalist ^ | March 18, 2020 | Joy Pullman

Posted on 03/18/2020 12:56:21 PM PDT by Kaslin

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To: lodi90

We’ll know over the course of the next days. If the deaths each day keep doubling every two days we have a very big problem. I read we have 90 people on vents today. If the number of new vents each day keeps doubling every two days there won’t be enough vents in the country soon.

If each ventilator dependent patient needs it for 5 days and the number of new vents needed each day we are going to have a national crisis soon. We will have medical students bagging people in hallways.


61 posted on 03/18/2020 5:41:43 PM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Kaslin

That is the question that should have been answered sometime around January 15th.

But China was not in a sharing mood.

It is completely moot now.


62 posted on 03/18/2020 5:44:42 PM PDT by Vermont Lt
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To: Pelham
Federal and state governments are making a massive gamble about a little-understood new virus. They may not only be betting our entire economy, but our nation’s future.

Sounds a bit hysterical to me.

I think you need to learn to recognize cynicism when you see it.

63 posted on 03/18/2020 5:46:55 PM PDT by higgmeister ( In the Shadow of The Big Chicken)
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To: Pride in the USA; Stillwaters

Thanks for the ping...it’s an interesting article. I have no problem admitting I have absolutely no idea what to expect, and I’m not sure anyone else does either. The unknown is what’s fueling public panic, as much as the legacy media fanning the flames for their own purposes.

I don’t know any seniors unwilling to totally self-quarantine, while those who are younger and at minimal risk continue life relatively unchanged, if that’s what it takes to cause less damage to the economy. There’s so much about this that’s making almost no sense.


64 posted on 03/18/2020 5:48:23 PM PDT by lonevoice (Music in the soul can be heard by the universe ~ Lao Tzu)
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To: familyop; Pelham
Every time someone tries to convince the dumb masses how much of a crisis the Coronavirus is, the more the young leftists will intentionally try to catch the virus because it's NBD to them, then go to places where us old people congregate to take us out of the voter base permanently or at least allow us to posthumously vote Democrat.

But beyond that they will immediately try to wreck the economy to bring their socialist utopia to fruition.

“America is at that awkward stage; it's too late to work within the system, but too early to shoot the bastards.” ― Claire Wolfe. ...
Our problem may be that there is nobody who will tell us...
65 posted on 03/18/2020 5:59:23 PM PDT by higgmeister ( In the Shadow of The Big Chicken)
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To: Wissa
"I think it would more likely have been a repeat of when SARS or any of the other epidemics came through in recent years."

They didn't come through though. Look at the SARS number by country. China and HongKong had 7400 of the 8000 cases. Taiwan and Singpore represented another 1000. The US had 75 cases. It was contained.

Ebola was contained too. The US had just 4 cases

In both cases, we took very few steps to contain it. Both could have been disasters, but we were spared. Neither was as contagious as CV.

Swine through came through but it was less lethal than the regular seasonal flu and didn't get reported on until it was almost over.

66 posted on 03/18/2020 6:15:16 PM PDT by DannyTN
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To: Pelham
If you think this is going to be another Great Depression you’re panicking needlessly.

The Coronavirus won't cause it, the panicked and hysterical reaction to it...

67 posted on 03/18/2020 6:23:00 PM PDT by higgmeister ( In the Shadow of The Big Chicken)
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To: Fury

If Covid-19 follows the path of SARS-CoV-1 this could be over by July.

SARS first appeared in November 2002. By May 2003 it’s rate of increase had peaked, by July 2003 SARS was essentially over. It was fought entirely with quarantine and social separation since there was no vaccine. We don’t remember it here because there were very few cases in the States. Worldwide there were over 8,000 confirmed cases with 775 deaths. Most were in China.

Covid-19 is the name of the current SARS outbreak, the virus causing it is known as SARS-CoV-2. By March 1st it had already infected 10 times as many people as SARS-CoV-1 but at a lower death rate; 2,800 deaths. It shares 86% of the genome of the 2002-2003 SARS bug.

What makes Covid-19/SARS-CoV-2 so dangerous is its extreme rate of transmission. It can make everyone very sick at the same time, overwhelming the medical system. There aren’t enough ICU beds and ventilators for everybody to be treated all at once. In China it was infecting a lot of healthcare workers making the situation worse.

Shutting down public life is intended to slow down the rate of transmission enough to spread out the bulge of serious cases so that the medical system has a chance at treating them. That’s what is meant by flattening the curve. Two weeks ago there were 129 confirmed US cases. Today there’s 7,300.

At this point the only known means to fight Covid is social separation and quarantine. But South Korea is reporting success with chloroquine. It’s an old drug used to treat malaria. If true that will be a godsend.


68 posted on 03/18/2020 6:26:17 PM PDT by Pelham (RIP California, killed by massive immigration)
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To: wastoute; zeestephen

We’ll know over the course of the next days. If the deaths each day keep doubling every two days we have a very big problem. I read we have 90 people on vents today. If the number of new vents each day keeps doubling every two days there won’t be enough vents in the country soon.

If each ventilator dependent patient needs it for 5 days and the number of new vents needed each day we are going to have a national crisis soon. We will have medical students bagging people in hallways.


FReeper Zeestephen calculates the fatalities per case actually went down today. Nature is going to work it’s course here. We have the best hospital system in the world. Ripping the wings off our economy mid flight was never necessary.


69 posted on 03/18/2020 6:30:13 PM PDT by lodi90 (flubro)
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To: Pelham

How do you know? Some say the Great Depression was caused by a 10 per cent drop in economic activity. What percentage drop are we experiencing now? I’d welcome some encouraging facts.


70 posted on 03/18/2020 6:49:21 PM PDT by RedMominBlueState
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To: RedMominBlueState
"Some say the Great Depression was caused by a 10 per cent drop in economic activity."

Well some are wrong. It was caused by a collapse of the American banking system. You can read all about it in Milton Friedman and Anna Schwartz's definitive study that NBER generously offers for free:

The Great Contraction, 1929-33

71 posted on 03/18/2020 7:18:30 PM PDT by Pelham (RIP California, killed by massive immigration)
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To: lodi90

If we destroy the economy to fight the virus, we will only be able to do that ONCE. We have a corona virus, SARS MERS Covid 19 ever few years. When the next one, and there will be another, we will not be able to have a robust and money printing response.

DK


72 posted on 03/18/2020 7:34:44 PM PDT by Dark Knight
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To: higgmeister

The coronavirus panic will make a whole lot of people poorer. But it can’t inflict the sort of damage that creates a Great Depression. The exploding mortgage bubble of 2008 had potential to bring down the banking system and we dodged a bullet there.

The covid panic and closing of so many businesses will create a huge drop in “demand”. The government’s reaction will be a massive “demand stimulus”- sending a check to everybody and granting tax breaks to small businesses. The idea being that it will jump start a damaged economy.


73 posted on 03/18/2020 7:38:48 PM PDT by Pelham (RIP California, killed by massive immigration)
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To: lodi90

“And if you think consumer confidence will recover once the lock downs are lifted you are dreaming.”

Yeah, because the economy never recovered after millions lost their houses and jobs when the housing bubble exploded. Oh wait-


74 posted on 03/18/2020 7:41:59 PM PDT by Pelham (RIP California, killed by massive immigration)
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To: Kaslin
"She identifies as Native American and gender natural???!!

Spare me.

75 posted on 03/18/2020 7:48:02 PM PDT by sauropod (Fear can turn a human into an animal.)
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To: Kaslin
...and that 1% of the U.S. population gets infected (about 3.3 million people)...

And current estimates say 20% to 60% of the population will get the disease ovewr time.

Why post this Federalist garbage?

76 posted on 03/18/2020 7:57:35 PM PDT by semimojo
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To: HartleyMBaldwin

Free Republic will never be the same after this hoax blows over.


77 posted on 03/19/2020 8:15:07 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: central_va

That is the God’s truth. It is sickening. Those folks GOT to be on someone’s payroll.


78 posted on 03/19/2020 8:16:42 AM PDT by abb
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To: Pelham
The economy will rebound when this virus runs its course. It’s setting up a bad recession but it’s not going to last beyond the pandemic itself. This won’t be another Great Depression.

It may not last very long, but it may be enough to kick Trump out of office.

79 posted on 03/19/2020 9:47:03 AM PDT by nwrep
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To: Pelham

“It’s an old drug used to treat malaria. If true that will be a godsend.”

Trump is being raked over the coals by the media for daring to say the malaria drug shows promise, which it absolutely does. He needs to fire the sawed off democrat Dr Fauci who contradicts Trump every time he mentions a drug that might help. The president is trying to be positive and reassure Americans. That’s his job. Fauci is all doom and gloom and runs over to CNN right after the pressers end, where the Trump haters grill him about Trump being an idiot needing to keep his mouth shut. Fauci once more is a democrat partisan and Trump needs to get rid of him and bring on Dr. Oz or Dr. Drew. My prediction is Trump will do exactly that in the next few days.


80 posted on 03/22/2020 8:22:15 AM PDT by NKP_Vet ("Man without God descends into madness”)
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