Abstract
Abstract. The COVID-19 pandemic gave minimal reaction time to governments around the world. While causing millions of deaths, it was also detrimental to the global economy. This paper is an attempt to understand what we can learn from our experience with the virus, with a focus on the United States. I discuss good and bad U.S. policies and the overall performance of institutions involved in pandemic response. The approach is economical because it connects what happened with some key economic principles. I talk about how markets helped us generate most of the knowledge we have on the virus, and I explain how existing regulations slowed down the production and distribution of essential items in the fight against Covid. Given the scarce nature of public attention, I also discuss the lack of consistent public messaging for the pandemic in the United States. Keywords. Coronavirus, Covid-19. JEL. I18.
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