Sunday 11 July 2021

why most economists continue to back lockdowns

 Okay after writing about LOCKDOWNS recently we are lucky two esteemed economists John Quiggin and Richard Holden have written on the above topic.

They add to our knowledge by concentrating on two topics that are required understanding in this area.

They are:

1) Exponential Growth.

This is important as this is why covid spreads like wildfire. The new delta variant simply makes this worse. If you simply 'let it rip' then your hospital system 'blows up and the workers in the system are severely over worked leading to errors of judgement. In other words more deaths. Anti-lockdown cultists such as Paul Fritjers suggested all that would occur is in England the hospital system would simply experience what happens in winter. This was both incorrect and clap trap. It was also a perfect example of wingnuttery.  

2) counterfactuals

Criticising a policy is next to useless if you do not offer an alternative. Most of the ideological warriors against lockdowns have not or have been so vague we do not know what they are supporting.

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