A new working paperpublished by the National Bureau of Economic Research gives a stark prediction that the economic damage brought about by lockdowns will lead to a significant increase in excess deaths for the long-term future. The authors of the study, a team of three researchers at Duke, John Hopkins, and Harvard, assert in their study that although they believe lockdown policies have saved lives, policymakers must be conscious of the long-term damage unemployment will have on public health. Rather than solely focusing on preventing deaths caused by Covid-19, we must also be cognizant of the deaths that will be caused by the economic damage of Covid-19 and lockdowns. There is much-documented discussion about the immediate tradeoffs of lockdowns from short-term economic devastation, to mental health problems, and drug overdoses. The authors explain the significance of their study on long-term damage when they write,Read Full Article »