New Fed study finds efforts to slow pandemic don't depress the economy

Source: Marketwatch.com

The economy isn’t helped by rushing back to work in the face of a pandemic, according to a new study by Federal Reserve researchers.

At a time when the lieutenant governor of Texas has said senior citizens would be willing to sacrifice their lives for a better economy and when President Trump has fretted that the cure may be worse than the disease, a new research paper looked at the impact of the 1918 Spanish flu on the U.S. economy.

Far from hurting the economy, what are called nonpharmaceutical interventions — for example, shutting schools, establishing quarantines and restricting business hours — mitigate economic harm as well as reduce mortality, the researchers determined.

Green dots are where more measures were taken, Red dots where less were taken:

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Read more: https://www.marketwatch.com/story/new-fed-study-finds-efforts-to-slow-pandemic-dont-depress-the-economy-2020-03-27?mod=home-page