The high cost of not understanding the economy - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: Local News (https://forums.ipoh.com.my/forum-12.html) +---- Forum: Business. Economy and Investment (https://forums.ipoh.com.my/forum-60.html) +---- Thread: The high cost of not understanding the economy (/thread-566.html)

The high cost of not understanding the economy - superadmin - 01-14-2021 With the enforcement of the second movement control order (MCO 2.0), the debate about saving lives or saving the economy has returned. It seems we are forced to choose between a lockdown which can help save lives while harming the economy and keeping the economy open but with the possibility of increasing the number of Covid-19 cases and deaths. However, after one year of dealing with the pandemic, we can conclude that such debate is unnecessary. First of all, there is a growing number of scientific evidence showing there is no correlation between lockdowns and Covid-19 deaths. Second, the economy is not an abstract entity but rather it is made of human lives too. The choice is, at best, lives vs lives. - More -