What to do about the U.S. economy in the wake of the Wuhan virus? The answer requires a mix of both short-term suppression and then long-term mitigation. Lots of people didnÂ’t see the COVID-19 pandemic coming. Many prognosticators who didnÂ’t have since found their way into two camps. In the first camp, the occupants are in full panic mode. We should all shut everything down for the time-being, they say. In the second camp, the occupants are borderline dismissive of the Wuhan virus threat. Both sides are completely wrong.The camp dismissive of the virus is dead wrong. Many do this...
