, Columnist
This Is Starting to Look More Like a Financial Crisis
Stopping the flow of people is stopping the flow of cash.
Livin’ on a prayer.
Photographer: JOHANNES EISELE/AFP/Getty Images
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A couple of weeks ago, before the Working From Home Era, we compared the coronavirus’s economic effect to the credit crisis, saying that stopping the flow of people would devastate economies as badly as, if not worse than, stopping the flow of credit. Now that this thesis has proved alarmingly true, it seems also to be causing one of those original credit crises, involving, you know, credit.