Unlike all other times before, our economy is over-leveraged like never seen before. The COVID-19 shut down of main street mom-and-pop stores will trigger a snowball effect onto wall street. However, cutting rates to zero and Trump throwing his last cards in will only kick up a temporary fix. In reality it is adding more fuel to the fire by further extending the leveraging, and thereby, volatility of the market, until this all crash into a giant complete free fall.

Earlier in a podcast Chamath also explains that we are basically facing a choice: save the people, or save the markets, and we are choosing to save the people.

If you look at the link from Draper, he is a VC, and is clearly looking at the situation from a more financial stand-point. His push to reopen business as usual might sound cold, given the situation, but it has legs, at least from a purely economical point of view.

Nope, that doesn't make any sense. Keep the shops open now and infection grows exponentially. Overwhelm the ICU capacity = MORE people will die. MORE people dead = less consumption = less people paying rent, etc.

There is no good solution :(

Agreed. Honestly, who is going to take a trip around the world now? Even if all the borders were open. No one is going to risk getting stuck in some foreign country.

Some rich jerk who's paying people in hand-sanitizer instead of money.

There is a better solution: taking care of people, isolating the vulnerable and not allowing others to get sick unnecessarily rather than letting 120-170 million die.

the damage to the economy and to the human population is PROVABLY better if you flatten the curve.

https://qz.com/1816060/a-chart-of-the-1918-spanish-flu-shows...

UK chose to save the markets. Let's see how it will play out.