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2020-06-13 | We must learn from the shutdown mistake | TheHill
'Let’s learn from our mistake — shutting down the economy is a cure clearly worse than the disease. '
'Consider the lost economic output on an annualized basis of -5 percent in the first quarter of 2020 and of a projected record -40 percent in the second. '
'Mulligan notes that these costs were at least $1.3 trillion in total, or $10,954 per household through May 22. '
'The data keep pouring in, demonstrating that in this case, the cure has been worse than the disease. '
'And now, states are asking for more federal bailouts (when they’ve already been authorized to get about $1 trillion). '
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[–] derram ago
https://archive.ph/wip/FbcPq :
'Let’s learn from our mistake — shutting down the economy is a cure clearly worse than the disease. '
'Consider the lost economic output on an annualized basis of -5 percent in the first quarter of 2020 and of a projected record -40 percent in the second. '
'Mulligan notes that these costs were at least $1.3 trillion in total, or $10,954 per household through May 22. '
'The data keep pouring in, demonstrating that in this case, the cure has been worse than the disease. '
'And now, states are asking for more federal bailouts (when they’ve already been authorized to get about $1 trillion). '
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