They are in thrall not to John Maynard Keynes, sage of the Depression, but to his Cambridge contemporary, Frank Ramsey, a precocious polymath who made his contributions in the prelapsarian 1920s.
As a student, he worked odd jobs to help his family get through the tail end of the Great Depression, including delivering sandwiches in Manhattan, a far cry from his dreams of writing sci-fi novels.
As a result, they have lost the parachute they once had in times of financial setback - a back-up earner (usually Mom) who could go into the workforce if the primary earner got laid off or fell sick.
When there was despair in the dust bowl and depression across the land, she saw a nation conquer fear itself with a New Deal, new jobs, a new sense of common purpose. Yes we can.
This year the IMF expects there to be global economic growth of 3.3 percent but because of the scars of the " Great Recession" , the U.S. government sometimes gives American banks a stress test.
My big mistake in betting on a depression gave me a healthy fear of being wrong, in other words, it gave me deep humility, which was exactly what I needed.
It was greater than the decrease brought on by the Great Recession in 2009, and it represented America's worst economic decline since 1946 following the end of World War II.
I know it's bad, Neil, but compared to historical pandemics like the Spanish flu and economic crises like the Great Depression, coronavirus isn't actually so bad.