John Wilder has a great post today about the greater lesson (and impact, in all likelihood) of the Kung Flu of 2020.
RTWT.
This has been the greater lesson all along: the problem is not the Kung Flu getting here nearly so much as it’s about the second- and third-order effects, here, of Kung Flu rampaging across China, there.
This is the Mel Brooks Comedy Theory, applied to economics: “Tragedy is me stubbing my toe. Comedy is you falling off a cliff.”
Continue reading “What You’re Freaking About, Versus What You Should Be Freaking About”
