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Economists Warn of 'Widespread Costs' from Lockdown

posted by martyb on Thursday July 30 2020, @09:49AM   Printer-friendly
from the lockdowns-were-supposed-to-be-just-one-part-of-defense-at-depth dept.

Phoenix666 writes:

Economists warn of 'widespread costs' from lockdown:

Blanket restrictions on economic activity should be lifted and replaced with measures targeted specifically at groups most at risk, say economists.

[...] They argue that while the extent to which the lockdown contributed to a subsequent slowing in the rate of new infections and deaths is not easy to estimate precisely, it seems clear that it did contribute to these public health objectives.

However, they say it is "very far from clear" whether keeping such tight restrictions in place for three months until the end of June when they began to be lifted was warranted, given the large costs. They say that the costs of carrying on with such a lockdown are likely to have become significantly greater than its benefits.

Debate over the global dilemma continues.

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  • (Score: 1, Informative) by Anonymous Coward on Thursday July 30 2020, @03:12PM

    by Anonymous Coward on Thursday July 30 2020, @03:12PM (#1028676)

    While that happens, it's more difficult, so less frequent.

    Your faith's gospel contradicts documented reality.
    https://en.wikipedia.org/wiki/List_of_countries_by_intentional_homicide_rate [wikipedia.org]
    Russia, with very restrictive gun laws: 8.21 murders per 100,000.
    Meanwhile in Lithuania: 4.57 per same.
    https://en.wikipedia.org/wiki/Gun_laws_in_Lithuania [wikipedia.org]
    Gun crime
    Between 1995 and 2018 number of homicides using firearms has fallen by more than 98% from 252 to four, while overall number of homicides has fallen by 85% from 505 to 72.[5][2]
    4 vs 68. Which type of weapon is 17 times more dangerous than the other?

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