Obviously, a self-inflected depression can’t be the solution to the coronavirus for very long. J. P. Morgan is projecting a 14 percent contraction in the U.S. in the second quarter. How long can anyone endure that? We’re going to need a robust testing, tracking, and isolation regime, surge capacity at hospitals, and (hopefully) new therapies to bear the burden of this sooner rather than later, because what we are doing right now is blighting the lives of millions and millions of people, and a $1,000 check from the government is only going to go so far.

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