Study: Lockdowns Had Largest Impact in Destroying Economic Activity

The Anonymous said:
businesses-closed_covid_nber_paper.jpg

The NBER paper suggested government restrictions were primarily responsible for the economic damage.

Data from Oxford University and the US Bureau of Labor and Statistics show that states with the most restrictive policies had substantially more unemployment than states with the least restrictive policies.

Nor is this the only evidence that suggests lockdowns, not the virus, were the primary economic destructor.

A brief look at history shows there was no massive economic collapse in previous pandemics that were similarly deadly (or more deadly).



https://thinkcivics.com/study-lockdowns-had-largest-impact/
Click to expand...

Also, from “copy and paste” article, “business fell by more than half (53 percent) regardless of whether a place shut down, as people everywhere were trying to not to leave their homes”

Common sense, Covid would have closed down the economy regardless of what Gov’t did, does “copy and paste” really think Americans would be eager to go to restaurants and bars knowing that a virus with zero immunity or preventive measures was spreading unchecked thru social contact?
 
archives said:
Also, from “copy and paste” article, “business fell by more than half (53 percent) regardless of whether a place shut down, as people everywhere were trying to not to leave their homes”

Common sense, Covid would have closed down the economy regardless of what Gov’t did, does “copy and paste” really think Americans would be eager to go to restaurants and bars knowing that a virus with zero immunity or preventive measures was spreading unchecked thru social contact?
Click to expand...

Data from Oxford University and the US Bureau of Labor and Statistics show that states with the most restrictive policies had substantially more unemployment than states with the least restrictive policies.

Nor is this the only evidence that suggests lockdowns, not the virus, were the primary economic destructor.

A brief look at history shows there was no massive economic collapse in previous pandemics that were similarly deadly (or more deadly).



https://thinkcivics.com/study-lockdowns-had-largest-impact/
 
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