2 ms·
Exactly. Panic and overreaction also has a real cost: People lose their jobs, their homes, and their healthcare.
by nostromo 7y ago
Exactly. Panic and overreaction also has a real cost:
People lose their jobs, their homes, and their healthcare.
- gdubs 7y agoTrue. But we seem so fixated on avoiding any economic downturn that we prioritize the short term over the long term. Wouldn’t it make sense to take a hit in the short term and try more aggressively to slow the spread of coronavirus, for instance, than to react as it becomes a pandemic? Unless we think that containment was always destined to fail with this particular virus.