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This paper by two federal reserve economists argues that that "Pandemics Depress the Economy" more than the measures to stop them. It's a false dichotomy. The
by totetsu 7y ago
This paper by two federal reserve economists argues that that "Pandemics Depress the Economy" more than the measures to stop them. It's a false dichotomy. The alternative to "Stay at home" is not a thriving economy, but a depressed one.
https://libertystreeteconomics.newyorkfed.org/2020/03/fight-the-pandemic-save-the-economy-lessons-from-the-1918-flu.html https://libertystreeteconomics.newyorkfed.org/2020/03/fight-...
https://papers.ssrn.com/sol3/Papers.cfm?abstract_id=3561560 https://papers.ssrn.com/sol3/Papers.cfm?abstract_id=3561560