Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever

“Lockdowns were one of the “greatest peacetime policy disasters of all time,” concludes Professor Douglas Allen in a paper just published by the International Journal of the Economics of Business. Elsewhere, a team of researchers with the National Bureau of Economic Research “failed to find” any evidence that lockdowns led to a reduction in the covid death rate. In fact, the researchers—who examined data from forty-three countries and all US states—found that lockdowns were positively correlated with a higher total death rate. That preventing people from engaging in work, school, and socialization would cause widespread suffering is hardly surprising.”

Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever | Mises Wire

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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