The 2020 pandemic US economy is NOT the 1918 pandemic US economy.

in 1918:
US Debt/GDP: 30%
Unemployment Rate: 5.5%
$SPX PE Ratio: 8x
Fed balance sheet: $33 billion

in 2020:
US Debt/GDP: 108%
Unemployment Rate: 13%
$SPX PE Ratio: 22x
Fed balance sheet: $7 TRILLION