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Insuring the Survival of Post-Pandemic Economies

Alarmingly, a growing chorus in the US – including President Donald Trump – is assuming that new "stimulus" legislation will allow the COVID-19 lockdown to be eased as soon as Easter. In fact, the pandemic demands not only vast government spending but also intervention, including a temporary state-led reorganization of the entire economy.

NEW YORK – Lockdowns of entire cities. Panic in financial markets. Bare store shelves. Shortages of hospital beds. The world has entered a reality unknown outside wartime.