From WSJopinion: A total economic shutdown could cost $1 trillion a month. We need more tailored measures, writes JohnHCochrane
The bill for the government response to coronavirus will be astronomical. The trillion-dollar “stimulus” is a lot of money, and it will eventually have to be paid for with taxes. The economic shutdowns are even more expensive. The U.S.
economy produced about $21 trillion in 2019. If “essential” businesses still open are even half of that, each month of a national shutdown costs the economy almost a trillion dollars. The damage will become harder to fix as businesses fire workers and close forever.
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