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" ... And it would be naive to think that Covid will blow over as if nothing happened. There will be some economic scarring. ... "
" ... And to get to that point “We will need an effective testing platform to go along beside vaccines,” Pearce added. “And we think that there will be some scarring from the economic crisis and the health crisis.” ... "
" ... Boylston managed to inoculate 248 people in Boston during the epidemic, and only 6 of them died of smallpox. Of the nearly 6,000 Bostonians who caught smallpox “the natural way,” 844 died. In other words, if you lived in Boston during the epidemic, you had to choose between a 2.1% chance of dying from inoculation or a 14.3% chance of dying of smallpox if you caught it, not to mention the much larger chance of scarring or blindness. ... "
" ... But education scarring isn’t just a problem for education. Eventually, business and industry will also feel the effects. The long-term impact of education scarring may create a delayed career-scarring effect that will directly undermine employers’ ability to hire effectively. ... "
" ... Yellen’s Senate confirmation hearing is set for Tuesday. "Economists don't always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now—and long-term scarring of the economy later," the former Federal Reserve Chair is expected to say. Yellen will inherit a massive $27.8 trillion national debt load. ... "