To fix the economy, you need to fix the pandemic: former White House economist
Coronavirus cases continue to pepper the country, crimping reopening plans and an economic recovery. As extra unemployment benefits from the coronavirus relief bill are set to expire, things look far from back to normal.
This far in, one thing is clear: there will be no recovery without crushing the pandemic, which is why some breathed a sigh of relief as the White House endorsed mask-wearing, which experts say slows transmission.
Economist Austan Goolsbee, who chaired the Council of Economic Advisors during the Obama administration and is currently a professor at the University of Chicago's Booth School, called this “rule one of virus economics.”
“There can be no improvement to the economics unless you get control of the virus,” he told Yahoo Finance. But while President Trump endorsed masks in a tweet, Goolsbee expressed frustration that not enough was being done.
“The president doesn’t want money for testing and doesn’t want to expand the public health component. I think that is a terrible mistake — it will mean we need trillions more in economic relief if we don’t do those things,” he said.
https://finance.yahoo.com/news/to-fix-the-economy-you-need-to-fix-the-pandemic-former-white-house-economist-202243438.html
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