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I'm not sure why loss of life would be particularly relevant since almost everyone dying was out of the work force anyway.

• adrianN 7y ago
  They'd still be buying things.
  • empath75 7y ago
    If they're not working, they're not producing wealth, they're living off a pension or savings, and in either case that money doesn't evaporate, it goes to someone else who will spend it. Buying a widget doesn't create a widget -- someone building it does. The labor force not working is what's going to cause the decline in GDP, not retired people dying. I'm not saying it's not bad, it's obviously horrific, but I think the deaths themselves will not overly impact the economy.
    • adrianN 7y ago
      Printing money also doesn't create wealth, but central banks seem to think that it's good for the economy.