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Active cases, recovered cases and deaths

  1. April 3, 2020 at 12:49 am

    Nobel Prize-winning economist Paul Krugman says we are ignoring a `huge fiscal time bomb'” https://www.yahoo.com/news/nobel-prize-winning-economist-paul-052930574.html

    The crisis is not a replay of the Great Recession, Krugman says, adding that there will be a second wave if we don’t act forcefully enough now.

    Krugman says we have a “huge fiscal time bomb” that is not getting enough media coverage. He predicts that just as the economy is ready to recover there will be mass layoffs of government employees and a cutoff of unemployment benefits unless there’s another major round of legislation. He is not impressed with America’s response to the crisis. From an economic standpoint, he describes Denmark as a standout with corporations keeping workers on the payroll and the government picking up 75% of the tab. He believes the US, in some ways, has had the weakest economic response of any G7 country.

  2. Ken Zimmerman
    April 15, 2020 at 12:55 pm

    The Krugman interview is interesting. As a non-economist allow me to suggest the opposite conclusion to that of Krugman. Krugman says the US has not put enough money into disaster relief and stimulus. How about taking the alternative route of putting no money into either. No one pays or gets paid for the remainder of 2020 and longer if necessary. With the issues of all these balancing accounts off the table we can focus on getting done what needs to be done to deal with the virus in the short and longer terms. And all its impacts, not just those that find favor for funding from economists and politicians. Might call it “hold the economy in place.” Like shelter in place for people for a time. I know this might make economists redundant. But I really don’t care.

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