Hedge fund billionaire Bill Ackman has a solution to end the coronavirus threat and prevent the US economy from total collapse: shut down everything for a month.
"The interests of the economy and the interests of the health care system are really identical here," Ackman told CNN's Christine Romans in a new episode of the CNN podcast series"Coronavirus: Fact vs Fiction.""The economy will recover quickly if we can shut down the virus. And the way to shut down the virus is the ultimate in social distancing, i.e. a total country shutdown.
"You know, the president himself said he doesn't want the cure to be worse than the problem," Ackman noted."Do we risk sort of dragging this out and really crushing capitalism if we can't fix it now and then move on and have it behind us? Yes. So the president is right."The problem with that strategy is epidemiologists are unconvinced that a couple weeks or a month is sufficient time to control the outbreak.
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