We saved our economy in Sweden. But too many people died.
Lars Calmfors, IFN, writes about his views on the Swedish Covid strategy in Washington Post.
Lars Calmfors argues that we saved our economy, but too many people died. Other countries shouldn't rush to emulate our pandemic strategy.
"The jury is still out on how well Sweden copes with the pandemic in the longer run: Case numbers, hospitalizations and deaths fell to low levels in August and early September but are now rising again. Based on the numbers so far, however, it appears that Sweden’s failure to adopt a more cautious approach in the early phase of the pandemic caused an unnecessarily large number of deaths, most of them among the elderly. In my view, one would have to attach an unreasonably low value to their lives to conclude that the economic gains outweighed the human losses."