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  • New Fed study finds efforts to slow pandemic don’t depress the economy

    03/27/2020 12:23:13 PM PDT · by Responsibility2nd · 68 replies
    Market Watch ^ | 03/27/2020 | Steve Goldstein
    The economy isn’t helped by rushing back to work in the face of a pandemic, according to a new study by Federal Reserve researchers. At a time when the lieutenant governor of Texas has said senior citizens would be willing to sacrifice their lives for a better economy and when President Trump has fretted that the cure may be worse than the disease, a new research paper looked at the impact of the 1918 Spanish flu on the U.S. economy. Far from hurting the economy, what are called nonpharmaceutical interventions — for example, shutting schools, establishing quarantines and restricting business...