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Gadfly

Joined: 12/12/2004 Posts: 8130
Likes: 646


Interesting interview with Lawrence Summers, economist and former Harvard


president, on Bloomberg this past Sunday. Summers shared his interpretation of economic data comparing countries (e.g., Sweden vs Denmark) and U.S.states (e.g., NY vs GA) that locked down (to varying degrees).

Summers reported that the governments that locked down are doing as well economically as those that were less restrictive due, largely to self-imposed lockdowns. Summers' conclusion was that people's fear rather than mandated lockdowns played a greater role in economic contractions because individuals who abided by lockdowns were as likely to physically distance whether or not mandated. I cannot access the data to draw my own conclusions.

(In response to this post by ColoVT82)

Posted: 05/26/2020 at 2:16PM



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