HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor

Excerpt

May 22, 2020, Video, "Lawrence H. Summers, former U.S. Treasury Secretary, looks at Sweden as an example of an economy that did not see any material benefit from keeping its businesses open through the outbreak. He also cautions that people's fear to go shopping or dine in a restaurant could be a bigger threat to the economy than the lockdowns themselves."