The costs of the shutdown are overestimated -- they're outweighed by its $1 trillion benefit
- Written by Richard Holden, Professor of Economics, UNSW
ShutterstockAs Australia begins to relax its COVID-19 restrictions there is understandable debate about how quickly that should proceed, and whether lockdowns even made sense in Australia in the first place.
The sceptics arguing for more rapid relaxation of containment measures point to the economic costs of lockdowns and appeal to the cold...
