Derek Thompson+ Your Authors @DKThomp Writer at @TheAtlantic. Host of podcast CRAZY/GENIUS. Author of book HIT MAKERS. Talker on NPR's @hereandnow and @CBSNews. derek[at]theatlantic[dot]com Apr. 15, 2020 1 min read + Your Authors

OpenTable bookings had declined 70% before US restaurants were closed.

Swedish movie theaters are open but revenues are down 90%.

“When will government open up the economy?” is the wrong question. Open doors and no customers is not an economy!

Pandemic Economics Rule #4: In a pandemic, the business of America is not business; it’s public health.

Without cash, people will die. Without loans, companies will die. Without a public health fix, people and companies will die anyway. 

That first graph is from this great @CharlesFLehman piece.

BOTH consumers AND govts are responding to public information about the virus. And, bc consumers act faster than legislatures, social distancing is coming before local shut-down ordinances. 

You can follow @DKThomp.


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