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Sure, but economic fallout from natural disasters typically recover much faster. It doesn't shock our trust in the financial system, and people are more communi
by tathougies 7y ago
Sure, but economic fallout from natural disasters typically recover much faster. It doesn't shock our trust in the financial system, and people are more community minded, since no person can be blamed for it. Already, we are seeing bipartisan attempts at governmental stimulus. Did you ever think you'd see Trump and Pelosi agree on government spending, because the white house was pretty quick to endorse the house's plan.
But back to pandemics. Pandemics typically result in major booms due to (a) the die off, (b) the pent-up demand, and (c) the fact that everyone still trusts the financial system. The 1918 pandemic certainly caused major GDP losses, and short-term pain, but also caused the 20s
- SketchySeaBeast 7y agoBut doesn't the 20's then lead to the 30s? And can't an argument be made that WW1 would have contributed as well?