COVID-19 Outbreak (Update: More than 2.9M cases and 132,313 deaths in US)
Unfortunately reopening the economy has nothing to do with the long haul. It has everything to do with getting the economy rolling in the right direction by the first week of November.There aren’t a ton of things you can get economists to all agree on, but the one thing they seem to agree on is that the economy will be a lot worse if we lift social distancing practices too soon:
http://www.igmchicago.org/surveys/policy-for-the-covid-19-crisis/
and research looking into the 1918 pandemic further backs this up:
https://www.nytimes.com/interactive...ties-social-distancing-better-employment.html
People seem to be scared of a tension that really doesn’t exist. Being more diligent on the front end is better for everyone, health wise and economically, over the longer term.
And in a globalized economy one of the things that is really concerning is America failing to do enough now and this dragging out for months or years while other countries that were more diligent in their social distancing and test and tracing practices, get up and running and have enormous competitive advantages because we can’t get our stuff straight with the virus.
