We know lockdowns help keep the growth rate manageable. What we don't know is what will happen to the economy once the lockdowns fade. My gut is that short of

We know lockdowns help keep the growth rate manageable. What we don't know is what will happen to the economy once the lockdowns fade. My gut is that short of more direct Federal aid to individuals (in the form of checks), we'll see people forced back to work as businesses re-open. Consumer spending will still be shit, since no one but fools will be going to football games, theaters, anywhere with crowds. And people will be clinging to their money. So the velocity of money will dwindle. And unless the government indemnifies businesses against lawsuits arising from COVID infections, businesses will be slow to re-open as well. Wrongful death lawsuits for failing to provide a safe work environment will be very popular.