The Economic Costs of Riots and C19 Lockdowns

The COVID-19 lockdowns and the riots will cause real incomes of most citizens in the United States and much of the world to be significantly lower than they would otherwise be, and personal misery to be higher.

At the beginning of COVID-19, little was known about the virus so political leaders could be forgiven for bad policy calls because they were receiving so much incorrect information from the medical “experts.” The evidence now appears to show that most of the more onerous lockdown actions in the United States and Europe had little beneficial effect but are unnecessarily destroying tens of millions of jobs and causing severe economic hardship. More on this below.