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Costs of Coronavirus, Costs of Lockdown


A friend recently sent me this article by Heather MacDonald, discussing the various lockdown efforts being taken in response to the coronavirus outbreak.  I don't know whether I agree with it, but I do know that I plan to use it the next time I teach "In Search of Justice."  Students who have taken that class will recognize the issue of trade-offs in MacDonald's piece.

She argues, in brief, that the damage being caused by extreme measures to halt the spread of the virus--essentially shutting down large sectors of the US economy, causing unemployment, small business closings, lost revenues, and slowed growth in the future--are disproportionate to the actual severity of the epidemic.  More lives are lost to the flu, she writes, or even to traffic accidents, yet we don't bring the country to a halt because of them.

As I say, I'm not sure I agree.  This virus spreads so quickly that the extreme measures may be our only way of ensuring that medical providers are not overwhelmed.  This is a good example of the challenges of making policy under conditions of insufficient information.  But MacDonald's arguments are interesting (she can always be relied on for good policy analysis) and are worth pondering.

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