Shutting down huge chunks of the economy and increasing government spending amid the COVID-19 pandemic will have “significant” and maybe even “unprecedented” negative effects on the economy, according to economist Donald J. Boudreaux.
Speaking to The Epoch Times at the inaugural conference of the Brownstone Institute in Hartford, Connecticut, on Nov. 13, Boudreaux explained that economists cannot clearly quantify just how much the ongoing lockdowns and government stimulus programs will impact the economy.
