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Economic and Social Costs of "Reopening"​ America

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Asking "mainstream" economists about reopening the economy in the face of the current crisis is unlikely to generate useful advice. These are the same people who missed the 2008 financial crisis and were unable to predict the election of Donald Trump in 2016.

An independent view on the economic impacts of the Coronavirus, informed by relevant insight from American history – in this case, Black Wall Street/Tulsa, Oklahoma, may better explain the exact nature of the problem the country now faces.

The Greenwood District in Tulsa, Oklahoma was one of the most prominent concentrations of African-American businesses in the United States. It was razed to the ground in the Tulsa race massacre of 1921, in which white residents massacred as many as 300 black residents, injuring hundreds more. Our analysis starts by comparing the economic devastation wrought by this incident to that of the coronavirus, since, like the virus, business properties were rendered uninhabitable. In addition…

Federal Reserve Banks show economic activity increased

Quick summary of the US economy:

Overall Activity: +
Consumer Spending: +
Tourism: +
Advertising: +
Transportation: +
Manufacturing: +
Housing: Flat
Loans: +
Ag: mixed
Wages: Flat
Prices: Flat

Impact Investing