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John Cochrane: Get Ready for the 'Careful’ Economy


Reopening has costs for businesses, employees and consumers. Good thing Americans are adaptable. Ready or not—mostly not—the reopening is at hand. The economic carnage of a continued lockdown is simply too great to sustain. But the virus is still with us, so the carefully reopened economy will be less efficient than the pre-pandemic economy.

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Posted: May 26, 2020 Tuesday 01:34 PM