The high cost of not understanding the economy

[superadmin]

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.


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