”Sweden’s Coronavirus Strategy Will Soon Be the World’s” – Article in Foreign Affairs
Lockdowns are simply not sustainable for the amount of time that it will likely take to develop a vaccine, Nils Karlson, Charlotta Stern, and Daniel B. Klein, argue in an article in Foreign Affairs.
There are good reasons for countries to begin easing their restrictions. It will take several years to tally the total number of deaths, bankruptcies, layoffs, suicides, mental health problems, losses to GDP and investments, and other costs attributable not just to the virus but to the measures used to fight it. It should already be obvious, however, that the economic and social costs of lockdowns are enormous: estimates from the OECD suggest that every month of pandemic-related restrictions will shrink the economies of advanced countries by two percent.