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Discussions of COVID-19 policy have often centered around two metrics: robust economic performance, as measured by GDP, and public health, as measured by deaths attributable to COVID-19. Places that do better on either metric, or both, are often judged to have had a better policy response than those that do worse. While this mode of analysis can be useful, there are reasons for caution.
Policy analysts on both the left and right are increasingly giving attention to the implications of falling birth rates and considering policies to reverse them.

Sep 30 2020

Saving and COVID-19

One unusual feature of the U.S. economy during the COVID-19 pandemic is a massive increase in saving. Saving nearly tripled over the first two quarters of 2020.
The good news is that charitable giving last year rose overall, making 2019 giving the second highest to date in real terms (after 2017)
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The pandemic need not have the final word; it can be an opportunity to ensure more parents have more opportunity to seek out an education that is not only high-quality, but one that is provided in the context they deem best for their individual needs.
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A well-chosen and consistent monetary policy anchor will not solve every problem—and certainly not ones directly related to public health—but it can facilitate the execution of financial and business contracts and shore up the social contract by lowering uncertainty about the future.