“Cities that ordered social distancing measures later and for shorter period tended to have higher spikes in death and higher overall death rates” 1/3 
“Cities that intervened earlier and more aggressively do not perform worse and, if anything, grow faster after the [1918] pandemic is over. Our findings thus indicate that [social distancing] ... mitigates the adverse economic consequences of a pandemic.” 2/2
The clear lesson of the 1918 pandemic is that early and aggressive interventions BOTH saved lives AND set up the economy for a stronger rebound afterwards.
“Save lives or save GDP” is a false choice.
Actually it’s worse. It frames a coherent strategy as some kind of paradox.
“Save lives or save GDP” is a false choice.
Actually it’s worse. It frames a coherent strategy as some kind of paradox.
