How the COVID-19 Recession Is Like World War II

From March 2 Bloomburg Opinion by Tyler Cowen.

This crisis has a lot in common with World War II.  IN WW II, an enemy attacked and a significant portion of the U.S. economy was redirected to fight it.  With this "V" a significant portion of the economy has been redirected to fight it at home.

One piece of good news is that the American economy will see a boom once the fears are over.  This is also what happened after WW II was over.  Americans have already spent time not making major purchases, but when it's over, watch out!

I know we were planning on buying a new Chevy Malibu this week, but have put it off until the scare is over.

However, with WW II, it was known that the war was going to last a long while.  No one knows just how long this "V" is going to last.

--GreGen