Tag: Shutdown
Are We Witnessing the Beginning of the Covid-19 Ratchet Effect?

Nearly 13 months after the first confirmed Covid-19 infection in the US, President Biden held a memorial as the country surpassed 500,000 deaths attributed to the pandemic. Mourning a great tragedy, President Biden noted these casualties surpass the lives lost during WWI, WWII, and the Vietnam War combined. While alarmingly high fatalities signify a...
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Lessons from 2020: A Global Perspective on Covid-19

As this annus horribilis draws to a close, it might be appropriate to step back for a little while and try to summarize a few lessons from the pandemic.

The U.S. Economy’s Hidden Resilience

One of today’s pivotal questions is the ability of the economy to cope and adapt in the face of mandatory and voluntary social distancing. Real GDP in the second quarter of 2020 fell at an annualized rate of 32.9 percent, an unprecedented drop. It has become commonplace (and bipartisan) to assume that economic vitality...
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