Two immediate steps are critical: • Protecting highly vulnerable individuals • Breaking the transmission process 'Everything else — economic ramifications and so forth have to be secondary,' a sustainable development professor says.
And most notably, Americans throughout the country have decided on their own to stay home — to protect themselves, their families and neighbors.
All of these steps are being taken to somehow arrest the spread of the coronavirus. But all of these steps also contribute to a sudden, violent contraction in the economy.The measures to protect public health are on one end. The normal activities that generate economic growth are on the other. And right now, we've put our weight firmly on the public health side of the seesaw. Saving lives is the priority.
Jeffrey Sachs, professor of sustainable development at Columbia University, says two immediate steps are critical:And breaking the transmission process. "These are the highest priorities right now," Sachs says."Everything else — economic ramifications and so forth have to be secondary because the ferocity of this epidemic is extraordinary."
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