Matolcsy: Lockdown plays Russian roulette with workers

English2020. máj. 20.GOVERNOR MATOLCSY100WORDS

By now, we can be sure that some governments have made huge mistakes in handling the Covid-19 crisis.

Contrary to what Edward Luce honestly but wrongly suggests to us / FT, 7 May 2020/, it is not reopening but total lockdown that plays Russian roulette with workers.

They could lose their jobs now or they can suffer from lower incomes later, due to the huge losses of the whole economy. In the latter case, they might move to poorer zip code areas, facing a higher probability of dying in the coming new waves of this pandemic or the next one.

Some governments should not have let masses of people be taken to hospital and should not have introduced total lockdowns.

Re “Premature US reopening plays Russian roulette with its workers

Governor Matolcsy, MNB, the Central Bank of Hungary

 feedback to the author