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Showing posts from May, 2020

Thoughts on the Economy Amid Covid-19: Do We Reopen?

Plastered across the news are varying opinions on “reopening” the economy. It is the click bait of this moment. The United States is unique and will recover, just know it will not happen overnight. The steps we did not take earlier to combat the virus caused us to be in this position of uncertainty. While I refuse to say “we must open” or “we must stay in lockdown,” I will say that we are not ready for either, but the consequences felt will be drastically different depending on the route taken. Here are some quick takes: 1) Opening is nuanced, and not every business is prepared to reopen 2) Entire sectors of our economy may not recover 3) Even tech companies have hurt during this pandemic 4) Covid-19 is still a real threat, with no easy answers There are no easy answers “Reopening the economy” is too general of a notion. The phrase does not encompass the work necessary to rectify the complicated situation we are in. I personally view both the “reopen” camp and “ke...