When the history of this crisis is written, there will be one great hero--the internet. Because of it:
1) The opinions of many many more experts can be brought to bear on the crisis, both to sway each other and policymakers.
2) The policymaking feedback loop--policymakers propose something stupid, economists criticize it and propose a better alternative, policymakers change their minds and adopt the alternative--takes hours and days, not weeks and months.
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