Posted on 04/15/2020 9:18:27 AM PDT by rintintin
Universal testing for COVID-19 would be the best way to get the U.S. economy back up and running, St. Louis Federal Reserve Bank President James Bullard said Tuesday.
Bullard, speaking on a conference call organized by the St. Louis Regional Chamber, said closing nonessential businesses “is appropriate for now but it’s a crazy inefficient policy. You don’t really want to go back to this quarantine policy in the future if you don’t have to.”
He said that after coronavirus infection numbers start to drop, but without a vaccine available, the nation’s goal should be to get healthy workers back on the job while keeping the public safe.
“Widespread testing of everybody in the economy would put an end to this crisis,” Bullard added. “We can’t get there right now but this is costing us $25 billion a day.”
His comments come as President Donald Trump and several governors have formed task forces to talk about restarting the economy. So far, though, states don’t even have enough tests for people with known exposure to the coronavirus, let alone enough to test all workers.
Sen. Roy Blunt, R-Mo., told the Chamber last week that antibody tests, which determine if individuals have recovered from the new coronavirus strain, should be available for some by the end of the month and more widely by the end of the summer.
Bullard compared the task of producing hundreds of millions of test kits with the process of mobilizing the economy for war. “At these kinds of numbers you really want to ramp that up at all costs,” he said. “All businesses need these tests, households need these tests, schools need these tests. Everyone needs them because they need to know where the virus is to manage this going forward.”
(Excerpt) Read more at stltoday.com ...
How often do we have to get tested? Every day?
Nice, dual major in college, Economics and epidemiology.
Shovel HC into everybody.
So is ….. building an escalator to the Moon!
Deep state bean-counters should stay in their lane.
That sounds more like a medical/epidemiological statement than a decision about the economy.
You will obey, citizen, or face the consequences.
Sure, I always get advice on health crises from bankers.
This is perfect. We have bankers pontificating on public health policy. We have public health ninnies oblivious to economics. We have a press that thinks this is a story to drive clicks instead of a near existential trifecta of threats : health, the economy, our liberty.
Beyond disgusted with them all.
violates 4th amendment, HIPPA
and the virus was designed to mutate,
about once a day.
So if we could test a million people a day, which we cannot, we could get everything going in just under a year? Got it.
The real answer is to hold "Pox Parties" starting right now. Anybody 60 and older or with serious underlying conditions can be excused. Everybody else, prepare to PAR-TAY!! That'll get us up to 60% to 70% in no time at all - probably within a month or two.
“How often do we have to get tested? Every day?”
If you want to work if my business, you will get tested, no matter what the government says. I’m not exposing other employees, or customers, to this disease if I can help it.
That’s the private sector freeing itself from quarantine. But the government has to make these tests available. CDC and FDA bureaucracy slowed the process for MONTHS.
This will never end...Doctors are all over Fox News we need testing...
We test everybody every day when they go to work...
I get tested when I go to WalMartand again when I go to Home Depot
Disney World will never open in Orlando..
The testing will scare everyone to death..
The economy will never recover..
No sports ever again..
“epidemiology”? Actually, that is an impressive dual-major. At least he is more qualified than all the celebrities spouting off.
A Commie’s dream.
No thanks.
He’s probably rught ... now if we only had a few billion tests laying around to test everyone often ...
How often?
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