Tyler Cowen: commitment

Transcript context

…Well, I’ll make a bet with you right now, Tyler, that this four or five months from now, it won’t look like it does now. In terms of the expectations of sub quarantining and self isolation and things being closed. I think we’re going to get to see Tom Brady in a Tampa Bay Buccaneer uniform. For example- On TV, but not with a crowd. Yes. It’ll be on TV. They’re playing basketball games to be televised and people watch them. But even in China where the number of new cases is really in most parts of the country, genuinely very low, they are not returning with live sporting events. Keep in mind we will have a pool of never infected people, which will be fairly large in absolute numbers and what risks we will be willing to take. Insurance companies would allow, our liability system and corporate lawyers would be willing to allow. When you think through all of that stickiness, I think we’re really not so close to resuming many of these shutdown activities. Yeah, I’m a little more optimistic than you, but if you said to me, “How do you know?” I’d say, “It’s probably just empty optimism.”…

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