Unclear. In March, before the shutdown, it was already noticeable that the virus was having an effect on bars and restaurants by me; and that was when many people, myself included, were still taking little to no precautions.
It is now clear that people will go to great lengths to avoid getting sick — little risk tolerance. Without any restrictions, you’d still have cautious consumers opting to eat at home rather than sit in a crowded room, and of course a dearth of tourists.
One might even make the case that if total shut downs result in government subsidies, and a steeper return to normalcy on the other side of the shut down, then doing no business at all is far better than doing some business without subsidies in a cautious environment.
Ben Bernanke pretty much said this in March (rush out of lockdown before solving the health crisis and you’ll see the economy struggle), but we were in a big hurry to live in a weird hybrid ok / not-ok world.
Beachescand boardwalks are quite normal with no masks. Its as if a pandemic doesnt exist. It amazing what happens when people don't live in a fear induced panic under their beds
Ditto for young people at colleges..how dare they congregate and party..its ruining the narrative WE HAVE to create