"Who wants to go to the dentist or the hospital during an outbreak if a visit isn’t necessary? Yet health spending is 17 percent of the U.S. economy — more than triple the proportion spent in China."

"Agriculture, a sector not noted for day-to-day social interaction and so potentially less harmed by social withdrawal, is a 10 times larger share of China’s economy than it is in the United States."

"For all the talk about the global 'supply shock' set off by the coronavirus outbreak and its impact on supply chains, we may have more to fear from an old-fashioned 'demand shock' that emerges when everyone simply stays home."