President Trump announced late Monday night that he would “temporarily suspend immigration into the United States” to stop the spread of COVID-19. Cato’s research over the last couple of months has shown why that order will not help the pandemic response.
A large component of the cost estimate of lockdowns should consist of the monetary value of the loss of freedom to move and interact as we normally do, in addition to the actual lost income from reduced market activity.
Xi Jinping’s government may well pay a heavy price because of its attempts to exploit the coronavirus outbreak for strategic gains, and it deserves to do so.
