Even Bill Gates is like “WTF” to this rally, says Gov’t can’t just wave a wand and make economy better

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via MarketWatch

‘No one should think the government can wave a wand an all of sudden the economy is anything like it was before this happened.’

— Bill Gates

That is billionaire Bill Gates, the co-founder of Microsoft MSFT, -0.02% and noted philanthropist during a 26-minute interview on CNBC on Thursday.

Gates, who boasts a net worth of $103.4 billion, according to Forbes (making him the second wealthiest man in the world behind Amazon.com’s AMZN, -0.32% Jeff Bezos) has been one of the most vocal critics of the U.S. response to the COVID-19 pandemic which has ravaged the domestic economy and brought most of the world’s business and personal activity to a screeching halt.

In a March 31 op-ed in the Washington Post, the tech luminary advised more stringent closures to mitigate the spread of the deadly viral outbreak, saying “shutdown anywhere means shutdown everywhere.”

 

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