Neel Kashkari, the head of the Federal Reserve Bank of Minneapolis, feels that US is going to be locked for 18 months unless a miracle drug is discovered to stop coronavirus from spreading ahead. While I do understand his point of view, but I feel that such a statement is reckless and unnecessary as it’ll only create more panic among the people. Furthermore it’s speculated that some 16 million jobs have already lost their jobs in the US, hence it’s not possible to keep economy closed for so long.
Source:
https://www.marketwatch.com/story/america-should-be-ready-for-18-months-of-shutdowns-in-long-hard-road-ahead-warns-the-feds-neel-kashkari-2020-04-12
Source:
https://www.marketwatch.com/story/america-should-be-ready-for-18-months-of-shutdowns-in-long-hard-road-ahead-warns-the-feds-neel-kashkari-2020-04-12
That's impossible. In the US, after a while and regardless of laws or edicts, people will just go back to their normal lives.
If businesses remain closed, huge black markets will develop.
