Monday, April 13, 2020
Tough Call
World political leaders want citizens to return to work soon so economies can be restarted. World health officers want companies to remain shut down until there is certainty that COVID-19 is under control. What has resulted is a tough call with crisis implications. If an economy starts too soon and the virus surges again, the country's leaders will be damned by public opinion. If an economy starts too late and its workers fall into unsustainable debt, bankruptcy, homelessness and hunger, the country's leaders will be damned for too much caution. The middle road is a delicate, highwire act. Proceed with care and be ready to order more quarantines as events unfold. This is not what Presidents like Trump want. The American economy has been devastated by the lock-down, and it is an election year. Trump desperately wants the country back to normal and growing again. Who knows if he will get it? Who knows if Merkel of Germany will get it? Or, Johnson of the UK? Each country's leader has a choice to make, and there are no good answers.
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