More evidence to confirm what many Republican lawmakers and free-market advocates such as Americans for Limited Government were saying from the start of the Covid pandemic, lockdowns would be one of the most tragic mistakes in American history.
The Rand Corporation and economists from the University of Southern California have released a new study examining the effectiveness of pandemic lockdowns, using data from 43 countries and all 50 US states.
“We fail to find that shelter-in-place policies saved lives,” the authors report. In the weeks following the implementation of these policies, excess mortality actually increases—even though it had typically been declining before the orders took effect.
And across all countries, the study finds that a one-week increase in the length of stay-at-home policies corresponds with 2.7 more excess deaths per 100,000 people. Read More
Economists expect inflation to “accelerate strongly” in the coming weeks and months, but said consumer prices would eventually moderate.
The consumer price index (CPI), a common measure for inflation, is expected to rise 2.8% in 2021 and 2.3% in 2022 compared to the 1.2% increase that occurred in 2020, according to economists surveyed by the National Association for Business Economics (NABE).
The projection, released Monday, reflected the Federal Reserve consensus that inflation will heat up by the end of the year before cooling down as the economic recovery continues. Read More
Michigan’s business leaders anticipate robust growth in the state’s economy within the next year.
They also plan a return to in-person office work in the 3rd and 4th quarters of 2021, according to a quarterly economic survey completed by Business Leaders for Michigan.
Approximately 92% of survey respondents say the state’s economy will likely remain strong and growing during the next six to 12 months. Read More