by As expected, the internet and media is being flooded with re-opening stories, contrasting and comparing the situation in different countries or American states.... From the economic debate perspective, it is way too early to draw any conclusions.... Observed cases will follow with a considerable lag after the essentially random spreading incidents. We will not be able to draw any conclusions about the effects of policy changes (which only have a limited relationship to actual behaviour), given this uncertainty.... When freedom intersects with responsibility.It doesn't take too many irresponsible people to have a magnified effect under pandemic conditions given a high reproduction rate of a contagious disease, as reflected in the colloquial expression, "going viral."As I said from the
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As expected, the internet and media is being flooded with re-opening stories, contrasting and comparing the situation in different countries or American states....
From the economic debate perspective, it is way too early to draw any conclusions....
Observed cases will follow with a considerable lag after the essentially random spreading incidents. We will not be able to draw any conclusions about the effects of policy changes (which only have a limited relationship to actual behaviour), given this uncertainty....When freedom intersects with responsibility.
It doesn't take too many irresponsible people to have a magnified effect under pandemic conditions given a high reproduction rate of a contagious disease, as reflected in the colloquial expression, "going viral."
As I said from the outset, liberal cultures are going to have a more difficult time controlling the epidemic than traditional cultures.
Bond Economics
Re-Opening Narratives Too Short-Term
Brian Romanchuk