3 ms·
From the article: Our findings have important implications for the appropriate policy response to a pandemic by suggesting that most of the reduction in econom
by fpoling 6y ago
From the article:
Our findings have important implications for the appropriate policy response to a pandemic
by suggesting that most of the reduction in economic activity is caused by the pandemic itself
and occurs regardless of whether governments shut down sectors with high social proximity.
So it is indeed the virus that kills the economy, not government.
- danieltillett 6y agoGovernments don’t impose lockdowns, they just make official what most of the population has already done.