How much of that $169B was just reallocated and not actually lost though?
The restaurant and travel industries obviously took a huge hit, but Amazon and Apple and all sorts of other businesses had huge gains. Overall the S&P will likely end the year up 10% or more which is a well above average year.
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[ 2.9 ms ] story [ 16.1 ms ] threadThe restaurant and travel industries obviously took a huge hit, but Amazon and Apple and all sorts of other businesses had huge gains. Overall the S&P will likely end the year up 10% or more which is a well above average year.
It also fails to take into account deaths caused by the lockdown: drugs, domestic abuse, suicide, missed medical treatment, etc, etc.
In the end, it would be more like trillions wasted for no lives saved. The now firmly established police state is just a cherry on the top.