The Economic Consequences of the Lockdowns

LOCKDOWNS ECONOMICALLY DEVASTATING

Three Articles from Mises.org
Analyzing the Economic Consequences
of the Declared Pandemic Lockdowns

“…if we think about the inherent drive of governments and politicians to control the conduct of businesses and citizens. They could not miss the opportunity of the covid-19 crisis. And in order to support them, mainstream analysts spare no efforts to come up with unexpected theories and arguments. In chapter 2 of its latest World Economic Outlook the International Monetary Fund argues that … it was not mandatory lockdowns that drove many economies to the ground during the pandemic, but the fear of contracting the virus, which led many people to reduce social contact. … So, what the IMF claims is that lockdowns bear little or no economic cost because in their absence the epidemic would have wreaked havoc through the economy anyway. … the IMF’s analysis flies in the face of reality…”

https://mises.org/wire/lockdowns-are-more-economically-devastating-voluntary-social-distancing

https://mises.org/wire/can-las-vegas-recover-covid

https://mises.org/wire/gdp-hides-damage-covid-19-lockdowns

“Available data shows that severe lockdowns reduced population mobility and hampered economic growth more than milder ones. As several studies question also the alleged benefits of lockdowns in suppressing the pandemic, they should be lifted instead of extended or tightened. The main reason to maintain them seems to be the failure of socialized medicine to deal with peaks in the number of covid-19 cases. Yet, it is almost inconceivable that after more than one year since the start of the epidemic some of the world’s richest countries cannot ensure sufficient hospital ICU beds … In that case, the logical response would be not to expand government intervention further, but to unwind the initial one, i.e., deregulate and privatize healthcare.”

[Quotes from first article linked above.]

 

 

 

 

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