Obervations in the time of COVID-19, Part 4
In an effort to put more down on (digital) paper, just in case there are still historians in the future, I'm going to make a couple observations about C-19 and the economy. [ - ] As of today, near the end of April 2020, government officials at most levels -- municipal, state, and federal -- are talking about "reopening" the economy. Setting aside for a moment whether the economy is something that can be opened (or closed in the first place),* and setting aside the obvious problems with treating the economy as some sort of device that has an on/off switch, the reopening talk is insane. It's insane because, as far as I can tell, no one has a plan to make the so-called reopening work. For one thing, the polling data we have suggests that a shockingly high percentage of Americans support social isolation. So as an initial matter, it's not at all clear that people will actually go out and use the reopened economy. Will people work from the office more than from ...