End The Lockdowns Now

Libertarian Economist David R. Henderson argues:

The lockdowns have caused enormous destruction. Some economists quite reasonably expect the unemployment rate in May to hit 20 percent. [already 16%] Other economists have estimated that second quarter GDP will fall by 35 percent on an annual basis.

[Interesting distinction —>] Although voluntary social distancing on its own would have led to large increases in unemployment and large drops in GDP, a reasonable estimate is that the government-enforced lockdowns, combined with absurdly high federal subsidies to unemployment insurance, have caused over half of the increase in unemployment and over half of the drop in real GDP.

more more more here . . .

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s