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Allison Schrager joins Brian Anderson to discuss economic trends in the wake of the coronavirus pandemic, how the stock market has performed during the crisis, and why expensive infrastructure projects are a risky strategy for reviving the economy.
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On the day Donald Trump was elected president three years ago, Paul Krugman, winner of the Nobel Prize for economics, wrote this in his 
The good news, 
As of Friday, the US stock market is down again, losing about 6% for the new year in total. And the most current economic reports are pretty lousy, nudging big banks to lower their GDP forecasts. Here is JPMorgan:
It’s natural that some Americans see in the market’s recent convulsions evidence of a deliberate Chinese plan to crash the US economy. Economic warfare was, after all, a favored and often successful tactic of the Soviet Union. But the Soviets always calculated their risks and took logical measures: They moved when they had more to gain than lose. I’m thus more inclined to see in China’s precipitous stock-market decline the folly of attempting to circumvent the laws of economics.