Today, it is high state and city minimum wages that will cause the most harm.
Until the virus’s threat dissipates, emergency relief is removed and the cloud of uncertainty is lifted, any restart will not result in us rebounding seamlessly to our pre‐pandemic future.
The vacuum of audible strategy is creating an inane debate that implies the only meaningful choice is between mass deaths or economic destruction.
Economists aren’t queasy about undertaking cost‐benefit analyses of shutdowns, though they debate the assumptions used.
A stimulus‐focused expansion right now works against the other measures Congress has pursued. And it would be very risky to commit to before knowing the shape of the recovery.
If one silver lining comes from this whole sad episode, it should be that, when it comes to thinking about day‐to‐day government policy, or choosing our political leaders, we never again take our economic freedoms for granted.