5min chapter

Policy@McCombs cover image

Mike Munger – COVID-19 Interview

Policy@McCombs

CHAPTER

The Importance of Price Signals in the American Economy

I was concerned that all of a sudden, we saw our seeing shortages of really important things. I'm actually sort of surprised that we got to be where we are and seems that almost nothing is really in deep shortage right now. And the Sweden, which has had quite a few deaths, the economy is in pretty good shape. They may recover pretty quickly. But if they have herd immunity, their deaths are going to start falling because flattening the curve means that you have many more deaths for a much longer period.

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