Getting a handle on COVID-19’s economic fallout


The coronavirus crisis is complicated by the unusual state of panic that has possessed much of the world, and by the somewhat divergent concerns and goals of those addressing the medical questions and those trying to cope with the economic damage. The national American political media, in their hostility to the president in an election year, and before the proportions of the pandemic were clear, fanned the fires of public hysteria. At the same time, the Chinese government and media (the second is a branch of the first) first dissembled and lied about the virus and are now engaged in an immense work of fabricated myth-making. For two or three weeks, the spread of the virus in China appeared to be completely uncontainable and the U.S. administration was trying to damp down concern in a manner that seemed somewhat cavalier. (National Post)

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