Declining GDP, Skyrocketing National Debt, and a New Technology That Can Create a Robust New Economy

The financial wreckage that the COVID-19 crisis leaves behind will be devastating and long lasting. Already economists are debating whether the cure – the near destruction of the global economy – is worse than the illness. That debate will surely rage on for years. As this is written in the Spring of 2019 the world is still on lockdown and the global economy is largely at a standstill. There is only speculation when about a “return to normalcy” might begin. Very little is known about COVID-19. Exactly how it spreads, its contagion rate and cures are unknown. A vaccine may…...