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Think about it: the world is having a health crisis and what do we do? We created the largest global collapse since 1929! And as noted in prior columns, we are now at a point where nobody wanted to go: we must continually ask: do we continue the global “lockdown” or relax these policies and run the risks of more COVID-19 deaths?
The Financial Damage
Consider first the economic magnitude of what has happened. US unemployment was 4.4% or 7.2 million just before the pandemic took hold. In the last 5 weeks, 22