The verdict on lockdowns: high costs, minimal benefits

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What were the benefits and costs of the COVID-19 restrictions implemented over the last two years? It’s a good time to ask that question, especially now that the masks are coming off and the lockdowns are canceled.

One useful scorecard comes from the prestigious National Bureau of Economic Research, in the form of a paper by three market-friendly economists, Casey Mulligan (University of Chicago), Stephen Moore (Heritage Foundation), and Phil Kerpen (Committee to Unleash Prosperity).

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