Originally Posted by
GogglesPisano
Why would they just be worried about themselves? That's a fairly cynical thing to say. Any history textbook or google search would illuminate the deaths and shortened lifespans resulting from a depression. How can that be waived away?
Goggles, let me get to the first part of your question. Why would COVID be more of a priority than a "great depression?" Let's break it down.
- COVID is killing a lot of people right now. A depression has the potential to kill people in the future.
- COVID, left unmitigated, could kill upwards of 200,000 people in the next 12 months. A depression will not have that sort of lethality
- The current risk for a "Great Depression" like collapse is low. Economists are predicting a -3.9% GDP contraction for 2020.
To put it another way... your house is on fire. The firefighters have arrived and they're putting out your blazing house. But all you're worried about is water damage.