Seeing lots of talk about what normalcy will look like now that most of us are several weeks into quarantine

Here& #39;s a 1921 cartoon on the "return to normalcy"
Some events before and after:
1900 - gold standard begins
1913 - FED created
1914 - 1918 - WWI
1917 - tax increase
1918 - influenza pandemic
1919 - prohibition begins
"Roaring Twenties"
1920 - woman& #39;s suffrage
1921 - tax cuts
1924 - tax cuts
1929 - stock market crash
1929 - 1939 - Great Depression
1933 - FDR 1st term - New Deal
1933 - Hitler rises to power
1933 - prohibition ends
1934 - gold standard ends/tax inc
1935 - Social Security Act
1937 - FDR 2nd term
1938 - Federal Minimum Wage enacted
1939 - 1945 - WWII
1941 - FDR 3rd term
So ya, normal could be a ways away yet, especially because of the inequality pickle we& #39;ve put ourselves in
I wonder what has been going on, hmmm
It& #39;s almost as if coronavirus pandemic isn& #39;t the cause of the pending recession/depression, but just a catalyst (which will amplify inequality)

I think most people Agree with that argument at this point
He& #39;s what& #39;s happening on Main Street, and it& #39;s just getting started https://twitter.com/ziibiing/status/1248606174519402496">https://twitter.com/ziibiing/...
The viral @chamath interview this week put a spotlight on what needs to be done on Wall St

Let the poorly managed companies fail, don& #39;t bail them out https://youtu.be/a1vIbwawHuA ">https://youtu.be/a1vIbwawH...
The viral @jimcramer pic also highlighted the Wall St and Main St divide

Socialize the Losses, Privatize the Gains
Low-wage jobs have been the hardest hit
What policies come next will be the difference a "beautiful deleveraging", as @RayDalio puts it, and catastrophe https://youtu.be/PHe0bXAIuk0 ">https://youtu.be/PHe0bXAIu...
It& #39;s early, but thus far, policies of the Trump administration and action by the FED hasn& #39;t inspired much confidence that this recession won& #39;t evolve into a full-blown depression
Interestingly though, many policies deemed impossible or too expensive just months ago, are being deployed/enacted by gov/corps

- inc min wage
- UBI
- Paid sick leave
- Healthcare4all
- student loan forgiveness
- releasing non-violent criminals
- paper ballots
- housing homeless
O btw, this debt thing might be an issue too
https://twitter.com/LibertyBlitz/status/1099407738440806410?s=20">https://twitter.com/LibertyBl...
And let& #39;s take a look at student loan debt...
Mortgage foreclosure rates had been falling dramatically since & #39;08, but will probably rise again through 2020+
Instead of subprime mortgages popping, this go round we have sub prime auto loans ready to burst
So from my POV what will an economic normal look like?

- infrastructure program ala WPA
- inc tax on the 1%
- let Wall St/big biz fail
- end Corp Welfare
- close inequality gap

Based on history, WWIII is not an impossibility, should economic policies fail globally
Factors that ended The Great Depression appear to still be hotly debated today:

Gov Expansion via New Deal?
WWII?
Monetary Expansion?
Gov Contraction via tax cuts?

Here is some reading on the subject
https://www.nber.org/papers/w3829.pdf

https://www.nber.org/papers/w3... href=" https://www.independent.org/pdf/tir/tir_12_02_02_steindl.pdf

https://www.independent.org/pdf/tir/t... href=" https://fee.org/articles/what-ended-the-great-depression/">https://fee.org/articles/...
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