by Mitch Nemeth
During the early onset of covid-19 in the spring, government officials across the political spectrum widely agreed that government intervention and forced closure of many businesses was necessary to protect public health. This approach has clearly failed in the United States as it led to widespread economic devastation, including millions of jobs lost, bankruptcies, and extremely severe losses in profitability. Nor have states with strict lockdowns succeeded in bringing about fewer covid deaths per million than states that were less strict.
Consequently, a few months into the pandemic, some governors weighed the competing economic costs with covid-19 containment and slowly reopened their economies. Of course, these governors did not mandate businesses reopen; however, they provided businesses the option to reopen.