Cocaine Mitch should offer states a bailout of their pensions, only on condition that they no longer be states, and become territories, pending better behavior in the future. And the sensible parts of them, like downstate Illinois, should be able to petition for readmission immediately.
Nutrition labels, to the degree that they provide calorie information, are worse than useless, because calorie counting is stupid. FDA should not only suspend them, but eliminate them.
We'll reopen the economy and let you try to earn money again when:
w̶e̶ ̶f̶l̶a̶t̶t̶e̶n̶ ̶t̶h̶e̶ ̶c̶u̶r̶v̶e̶ w̷e̷ ̷i̷n̷c̷r̷e̷a̷s̷e̷ ̷t̷e̷s̷t̷i̷n̷g̷ w̶e̶ ̶f̶i̶n̶d̶ ̶a̶ ̶v̶a̶c̶c̶i̶n̶e̶ n̴o̴ ̴o̴n̴e̴ ̴i̴s̴ ̴s̴i̴c̴k̴ the election is over and you welcome our new green socialist utopia
Some things will recover quickly, but we won’t have a robust recovery until people have sufficient confidence that they can go back to sporting events or movie theaters or restaurants at normal capacity, which will probably require a vaccine (even if it’s a placebo). And now, despite all the money being pumped into the economy, the Fed has to worry seriously about deflation.
Ricardo's theory of comparative advantage is valid only if one ignores issues of national security and cultural incompatibilities. It assumes all trading partners are permanently friendly, with shared values. That's been the flaw of our China policy.