Potential Long-Term Economic Consequences of the Federal Response to the COVID-19 Lockdowns [open pdf - 445KB]
From the Key Takeaways: " Widespread COVID-19 [coronavirus disease 2019] lockdowns prompted the federal government to adopt risky fiscal and monetary policies to mitigate historic economic damage.  Current deficits and debt are insufficient measures of government financial sustainability, but pre-virus fiscal and monetary conditions were already problematic.  For a stronger recovery, policymakers should reconsider widespread lockdowns, curb new borrowing, normalize monetary policy, and reform entitlement programs."
Backgrounder No. 3498
Heritage Foundation. Posted here with permission. Documents are for personal use only and not for commercial profit.
Heritage Foundation: https://www.heritage.org/