when did the spanish flu become the 1918 flu? was it in the past few days?
Perhaps it is to be PC, apparently the Spanish flu didn't originate from Spain (looks like it began in US). Spain was the first country to report on it.
Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
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Re: Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
#12Are there any papers coming to a similar conclusion that were released prior to December 2019? Just in case there's some bias from the current moment. Not saying there's necessarily any evidence of such in this one, but it'd be interesting to compare, at least.
Well, we are currently running a global experiment to find out whether it is better for the economy to be negligent or have a robust public heath response during a pandemic. We'll know soon.
Different economies have different amount of money to loose. You can't compare apples to oranges.
In China, which has way more to loose from the real economy going down, nobody is running to sell their business now. A factory during a crisis, is still a factory.
Now look how many people have cashed out in USA already, despite US economy being much more virtual, and service based, and supposedly more resilient.
We are much more likely see whose economy is more resilient, and not whose immediate response was better.
Panic factor? Chinese are by far more freaked out now than most Americans. Even now, Americans trust their government more than Chinese to CPC.
Illiquid assets factor? No, you can sell a factory in China way faster than you can sell a typical dotcom in America.
It's really just Chinese still looking up to seek more fortunes more than American business people do, and America being way more vulnurable to panic buy/sells.
And it's only the last point above, where an immediate response matters: In a society more susceptible to mass panic among the business elites, you can reduce the impact by increasing their confidence by showing competent early response.
Re: Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
#13The very title of this paper suggests a deeply flawed conclusion. A sample size of one pandemic, from 100 years ago even, is used to generalize a conclusion that "Pandemics Depress the Economy, Public Health Interventions Do Not". Sure, there were multiple cities with varying levels of interventions, but you can only conclude that in the 1918 economy for that specific pandemic, the health interventions were good for…
Are you implying that we can’t draw conclusions from limited data sets? Surely there must be some value in looking at the last event, even if it was 100 years ago...
What value did you have in mind?
Re: Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
#14Earlier quoted context omitted.
1918 Flu is a more accurate name and you seem to not have had any trouble with the meaning, so what's the problem?
The problem is that it was being referred to as the Spanish Flu up until some people in the media took offense to Trump's coining of the phrase "Chinese Flu", so Spanish Flu needs to go if we're not wanting to look like hypocrites.
I don't see how striving for consistency by avoiding nation-shaming labels is a "problem". Trying to not be hypocritical is generally viewed as a good thing.
Re: Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
#15Earlier quoted context omitted.
1918 Flu is a more accurate name and you seem to not have had any trouble with the meaning, so what's the problem?
The problem is that it was being referred to as the Spanish Flu up until some people in the media took offense to Trump's coining of the phrase "Chinese Flu", so Spanish Flu needs to go if we're not wanting to look like hypocrites.
Why is this a problem?
Re: Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
#16Earlier quoted context omitted.
1918 Flu is a more accurate name and you seem to not have had any trouble with the meaning, so what's the problem?
The problem is that it was being referred to as the Spanish Flu up until some people in the media took offense to Trump's coining of the phrase "Chinese Flu", so Spanish Flu needs to go if we're not wanting to look like hypocrites.
I wouldn’t blame trump’s blatant racism on some people in the media
Re: Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
#17Earlier quoted context omitted.
The problem is that it was being referred to as the Spanish Flu up until some people in the media took offense to Trump's coining of the phrase "Chinese Flu", so Spanish Flu needs to go if we're not wanting to look like hypocrites.
I don't see how striving for consistency by avoiding nation-shaming labels is a "problem". Trying to not be hypocritical is generally viewed as a good thing.
[deleted]
Re: Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
#18Earlier quoted context omitted.
The problem is that it was being referred to as the Spanish Flu up until some people in the media took offense to Trump's coining of the phrase "Chinese Flu", so Spanish Flu needs to go if we're not wanting to look like hypocrites.
I don't see how striving for consistency by avoiding nation-shaming labels is a "problem". Trying to not be hypocritical is generally viewed as a good thing.
Exactly - it's society going "You're right, that's not cool." then trying to be better. I fully encourage it.
Re: Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
#19This is ridiculous. Any economic effect of the 1918 flu is overpowered by the end of WWI.
And the 1918 flu was followed by one of the most prosperous periods in history: the roaring 20s.
The response to the 1918 flu was also not very centralized. Different states and cities did different things, a strategy which is today being deplored by the media and certain segments of the population. Since the response is significantly more centralized today (entire states being shutdown, which has not happened before), I'm not sure you can draw the same conclusions. It's one thing to have one shutdown city in a country full of working cities. It's quite another thing to have them all shut down at the same time, as well as the entire world.
Re: Pandemics Depress the Economy, Public Health Interventions Do Not: 1918 Flu
#20Earlier quoted context omitted.
The problem is that it was being referred to as the Spanish Flu up until some people in the media took offense to Trump's coining of the phrase "Chinese Flu", so Spanish Flu needs to go if we're not wanting to look like hypocrites.
I wouldn’t blame trump’s blatant racism on some people in the media
Calling it the Chinese Flu because it comes from China is only racist when you move the goal posts to redefine racism as such. There is evidence that this was what happened due to pandemics traditionally being named after where they originated.
You can't move the goal posts without the media being on board with it.