America’s Permanent Coronavirus Scars
It has been a little over four months since a confluence of events made Americans realize that the novel coronavirus was most definitely a thing. Comparisons were quickly made to the 1918-19 flu pandemic in terms of what to expect regarding macroeconomic effects.
As time has passed, however, the analogy to the Great Influenza is starting to fall apart. The good-news reason for this is that the current pandemic has racked up a global death count that is only 1/100th of the estimated toll from influenza a century ago.