A Way to Help Keep the COVID-19 Economy Working
If the economy is to be saved before the pandemic wipes it out, it will happen on the public-health front. And here, the least important medically of the three major biomedical channels now in play may well be the one that could impede economic Armageddon.
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CAMBRIDGE – As the coronavirus pandemic shuts down the world’s economies, stock markets plummet, and unemployment rises, policymakers will be forced to figure out how to contain the outbreak while preventing financial and economic collapse. Most economic proposals in developed countries focus on cash payments to people, deferred tax payments, and business bailouts.