ABSTRACT

Potential Long-Term Economic Consequences of the Federal Response to the COVID-19 Lockdowns   [open pdf - 445KB]

From the Key Takeaways: "[1] Widespread COVID-19 [coronavirus disease 2019] lockdowns prompted the federal government to adopt risky fiscal and monetary policies to mitigate historic economic damage. [2] Current deficits and debt are insufficient measures of government financial sustainability, but pre-virus fiscal and monetary conditions were already problematic. [3] For a stronger recovery, policymakers should reconsider widespread lockdowns, curb new borrowing, normalize monetary policy, and reform entitlement programs."

Report Number:
Backgrounder No. 3498
Author:
Publisher:
Date:
2020-06-04
Series:
Copyright:
Heritage Foundation. Posted here with permission. Documents are for personal use only and not for commercial profit.
Retrieved From:
Heritage Foundation: https://www.heritage.org/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations