Complete speculation here: Our economy in 1918 was based much more on agriculture and industry, whereas now it is much more based on services, aka people going to work, which they now can’t do, and also much larger. So perhaps the coronavirus will, in fact, destroy more real value than the Spanish flu was able to, even as a percentage of the market.
Complete speculation here: Our economy in 1918 was based much more on agriculture and industry, whereas now it is much more based on services, aka people going to work, which they now can’t do, and also much larger. So perhaps the coronavirus will, in fact, destroy more real value than the Spanish flu was able to, even as a percentage of the market.