A lot said about the coronavirus can be said about the flu. The flu kills old people and those with serious comorbidities. The flu hospitalizes many and some need ventilators. Put old people with the flu into nursing homes and assisted living, the flu infection and death rates will increase. Having the flu is a horrible experience. Flattening the curve with lock downs, etc was never meant to stop Covid-19. It was used successfully to spread cases into the future to ease the hospital burden. Reopening is allowing the delayed infections to happen now, as we see with mostly younger people with a low death rate. Many more children die from the flu than from coronavirus. It is more deadly for kids to go to school in a flu season then now. Children need bacterial and viral exposure for a healthy adult immune system. Kids need school to learn, and socialize. Poor kids need school meals. Schools are babysitters that parents need to be able to go back to work.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Sunday, July 26, 2020
Open Schools: My Comment To WSJ, "A Phase-Four Flop"
Posted By Milton Recht
My published comment to The Wall street Journal opinion, "A Phase-Four Flop: The latest proposals have everything but a growth agenda." by The Editorial Board:
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