(We should absolutely end lockdowns since they have no empirically demonstrated efficacy versus other alternative policies like centralized quarantining and universal mask requirements)
I understand why some economists argue that no serious economist is saying we should end lockdowns now. But here is James Bullard, who holds a PhD in economics and is the president of the St. Louis Fed, freely opining on how "inefficient" and costly it is:
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The reason we should not have lockdowns is not because their economic costs are too large but because they are not actually very good at reducing the number of fatalities.
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Some of these good policies (test, trace, and central quarantine, which I agree we should do) seem possible in the US only once we have substantially more testing capacity than we appear to have today.
Apr 14, 2020 · 5:28 PM UTC
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