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The main (economic) problem is social distancing, not lockdowns

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The main (economic) problem is social distancing, not lockdowns

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I’m not a fan of mandatory lockdowns. At the same time, I have argued that the crash in the global economy is mostly caused by voluntary social distancing, not mandatory lockdowns.

It seems like the Swedish Riksbank agrees:

Data released from the country’s central bank and a leading Swedish think tank show that the economy will be just as badly hit as its European neighbors.

That’s what I expected from the very beginning, although I would have much preferred to be wrong.

This is really bad news for the US, where some states are beginning to gradually lift mandatory lockdowns.

The main (economic) problem is social distancing, not lockdowns 2

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