LIVE WEBCAST TODAY: The Economics of Lockdowns | Thursday at Noon EDT

Join us for a live webcast this Thursday on the effects lockdowns have on the economy. [View in browser](Vn8D5-78JC4-N5KntLVt1KMK0/*N8-T6NvWhHy8W8N7vXf2QlfrM0/5/f18dQhb0S1Xq7Bf-yvV1vjkz1RSjVBV72fCg1Sk-wrW6DKhf44f0l2dW7Gx-wG4kdPdSW1nsRYD1pls5HN5mxg3bQxsXdW2ckgNq24lTwhW93s0P-2R6J2LW3BlKxz6KkTzSW5Qd3sG89V2nBW3P__jm2V3xJZW98lh-81x-vPjW8LFH5L5mH6rCW6HX0-d2npm4CW7krbYv3rYQrBVdvcbC5h011mMt1YbrZrxqpW26s8C_5dhsX8W3-cMv81cylwgW4QG9x-3xYdM8W58XZB65_7hrzW8bLTvD5X2zhdW27bFfd8HXJ7CVmc3676Gpf8RW8rfBhT2Km7cLW7LJq2K3D24qVVdk27L2GlcCJW5qfZxW69VgcJW7Qtqxg5-yPKzW84SJWF5LThz2W6DJWSc7lTBTtN8XkSp3b_1SzW8CwdVf3s6vQ_W8fD9vQ7nnG0jVy0JDt7fQ2K2W7hFR6x80lGS_W1YcLGq6CYv8dV33FyY5Wph9gW3JrrLD8-WRvVW2-BVG77Nxnb6W1qycX62fxYRSW6Dbyrf4w0rXZW5W0trk27rvwWVK1n_y5VJgd9W5-J97X2StHBrW61xXh62vW-vYW1v7PD328XSHnW3nXZqG21sxgHN7B9qTdC8X4CVMnN4R8kQH4vW5t0QzL3c0GjCW4vDrYc6TxYcpW897NfS1sLCGpW5Lgjy06b5JWfW8Shf0c6DBNb5W3zNLPs9k7pwXf37gSMy02) [live_webcast](Vn8D5-78JC4-N5KntLVt1KMK0/*W5J3j_T2N6tbVW397pHQ907gjw0/5/f18dQhb0SbTJ8XJ8dWN7d08H-HyjJqVRbv2F1qMK5CW3hHh8k2P7_nXVcnTGj992gLmW4vgxTk96fd7GW8yGDRD6bnMRyW97z1Hf6RjhBmW4sH2p37n665GW3TCVdp7ngbTSW8nNQ5461SSZmW7dDxTN7mWsnXW7dzcsS51vDDWW56vHg569NG1wW6Pr3nq1S876_W2lQ1w72MthZzW55T8N87w3wPSW1NC3Kc1F6KTtVkbc011ZsLJYW7z2p-Z6w4RqMN2QDjcYkSYqrW6d_0_N7HMTtVN2MyMFSk9l_RW1CMgRk7m8krCW7p9r9F49hNbjW2KmnVS1XvhzsVsfBp_1-XpmwW8Zj5q44fPD0jW1-sYKc7BvTwFVqjnMp2RfHbJW7p6GyS8X_ps0W1KQyKd7yNQvFTrNVD7KvQWpN1zW062zD-dgW1tlRmr5mkxnlW5mkwHj615rl4W8V3cZ52td_20W3Q63zm4bYZrgW8mhVQY41szS_W6CVLJk6Bl-NRW4dJl2j4sCMg8W4dSl7Q6p7ZZbW4dcSsq4Pxhj5W3DlwBb1N5hXNf3wqTQq04) [covid-19-economy](Vn8D5-78JC4-N5KntLVt1KMK0/*M124SFw9x75W8kTd3J5MTJBw0/5/f18dQhb0SbTJ8XJ8dWN7d08H-HyjJqVRbv2F1qMK5CW3hHh8k2P7_nXVcnTGj992gLmW4vgxTk96fd7GW8yGDRD6bnMRyW97z1Hf6RjhBmW4sH2p37n665GW3TCVdp7ngbTSW8nNQ5461SSZmW7dDxTN7mWsnXW7dzcsS51vDDWW56vHg569NG1wW6Pr3nq1S876_W2lQ1w72MthZzW55T8N87w3wPSW1NC3Kc1F6KTtVkbc011ZsLJYW7z2p-Z6w4RqMN2QDjcYkSYqrW6d_0_N7HMTtVN2MyMFSk9l_RW1CMgRk7m8krCW7p9r9F49hNbjW2KmnVS1XvhzsVsfBp_1-XpmwW8Zj5q44fPD0jW1-sYKc7BvTwFVqjnMp2RfHbJW7p6GyS8X_ps0W1KQyKd7yNQvFTrNVD7KvQWpN1zW062zD-dgW1tlRmr5mkxnlW5mkwHj615rl4W8V3cZ52td_20W3Q63zm4bYZrgW8mhVQY41szS_W6CVLJk6Bl-NRW4dJl2j4sCMg8W4dSl7Q6p7ZZbW4dcSsq4Pxl5QW3DlwBb4HNBLjf3wqTQq04) Policy Forum [The Economics of Lockdowns](Vn8D5-78JC4-N5KntLVt1KMK0/*N5Tt_b6tfwVnW8x2-FT8m9ZYn0/5/f18dQhb0SbTJ8XJ8dWN7d08H-HyjJqVRbv2F1qMK5CW3hHh8k2P7_nXVcnTGj992gLmW4vgxTk96fd7GW8yGDRD6bnMRyW97z1Hf6RjhBmW4sH2p37n665GW3TCVdp7ngbTSW8nNQ5461SSZmW7dDxTN7mWsnXW7dzcsS51vDDWW56vHg569NG1wW6Pr3nq1S876_W2lQ1w72MthZzW55T8N87w3wPSW1NC3Kc1F6KTtVkbc011ZsLJYW7z2p-Z6w4RqMN2QDjcYkSYqrW6d_0_N7HMTtVN2MyMFSk9l_RW1CMgRk7m8krCW7p9r9F49hNbjW2KmnVS1XvhzsVsfBp_1-XpmwW8Zj5q44fPD0jW1-sYKc7BvTwFVqjnMp2RfHbJW7p6GyS8X_ps0W1KQyKd7yNQvFTrNVD7KvQWpN1zW062zD-dgW1tlRmr5mkxnlW5mkwHj615rl4W8V3cZ52td_20W3Q63zm4bYZrgW8mhVQY41szS_W6CVLJk6Bl-NRW4dJl2j4sCMg8W4dSl7Q6p7ZZbW4dcSsq4PxjJZW3DlwBb2YCdKJf3wqTQq04) Live Online Today • 12:00PM - 1:15PM EDT [Live Webcast](Vn8D5-78JC4-N5KntLVt1KMK0/*W3x1XYX5lXfbKN6b8DYtCWzV-0/5/f18dQhb0SbTJ8XJ8dWN7d08H-HyjJqVRbv2F1qMK5CW3hHh8k2P7_nXVcnTGj992gLmW4vgxTk96fd7GW8yGDRD6bnMRyW97z1Hf6RjhBmW4sH2p37n665GW3TCVdp7ngbTSW8nNQ5461SSZmW7dDxTN7mWsnXW7dzcsS51vDDWW56vHg569NG1wW6Pr3nq1S876_W2lQ1w72MthZzW55T8N87w3wPSW1NC3Kc1F6KTtVkbc011ZsLJYW7z2p-Z6w4RqMN2QDjcYkSYqrW6d_0_N7HMTtVN2MyMFSk9l_RW1CMgRk7m8krCW7p9r9F49hNbjW2KmnVS1XvhzsVsfBp_1-XpmwW8Zj5q44fPD0jW1-sYKc7BvTwFVqjnMp2RfHbJW7p6GyS8X_ps0W1KQyKd7yNQvFTrNVD7KvQWpN1zW062zD-dgW1tlRmr5mkxnlW5mkwHj615rl4W8V3cZ52td_20W3Q63zm4bYZrgW8mhVQY41szS_W6CVLJk6Bl-NRW4dJl2j4sCMg8W4dSl7Q6p7ZZbW4dcSsq4PxmwGW3DlwBb8bxswYf3wqTQq04) The COVID-19 pandemic has had dire effects on both public health and the economy. In reaction to the virus’s spread, many states have implemented stay‐​at‐​home orders and closures of all “nonessential businesses.” And national lockdowns have been mandated all over Europe. These lockdowns raise all sorts of important economic questions: - How much of the coming downturn will be driven by government shutdowns as opposed to the changing consumer and producer behavior we’d expect because of the virus? - What will be the net consequences of lockdowns for economic welfare? - What factors determine the optimal length and scope of these more suppressive measures? - Are there alternatives to lockdowns that could achieve equivalent or higher benefits at lower total cost? Featuring [john-cochrane] John CochraneSenior Fellow at the Hoover Institution, Stanford University, Adjunct Scholar at the Cato Institute, and blogger at The Grumpy Economist [anna-scherbina] Anna ScherbinaAssociate professor of finance, Brandeis University; visiting scholar, American Enterprise Institute [Emil-Verner] Emil VernerAssistant professor of finance, Massachusetts Institute of Technology [bourne-250] moderated by Ryan BourneR. Evan Scharf Chair for the Public Understanding of Economics, Cato Institute Join us for a live webcast this Today at 12:00PM EDT. [Live Webcast](Vn8D5-78JC4-N5KntLVt1KMK0/*W5415Tw41YLvlVSQyRD8JXV0r0/5/f18dQhb0SbTJ8XJ8dWN7d08H-HyjJqVRbv2F1qMK5CW3hHh8k2P7_nXVcnTGj992gLmW4vgxTk96fd7GW8yGDRD6bnMRyW97z1Hf6RjhBmW4sH2p37n665GW3TCVdp7ngbTSW8nNQ5461SSZmW7dDxTN7mWsnXW7dzcsS51vDDWW56vHg569NG1wW6Pr3nq1S876_W2lQ1w72MthZzW55T8N87w3wPSW1NC3Kc1F6KTtVkbc011ZsLJYW7z2p-Z6w4RqMN2QDjcYkSYqrW6d_0_N7HMTtVN2MyMFSk9l_RW1CMgRk7m8krCW7p9r9F49hNbjW2KmnVS1XvhzsVsfBp_1-XpmwW8Zj5q44fPD0jW1-sYKc7BvTwFVqjnMp2RfHbJW7p6GyS8X_ps0W1KQyKd7yNQvFTrNVD7KvQWpN1zW062zD-dgW1tlRmr5mkxnlW5mkwHj615rl4W8V3cZ52td_20W3Q63zm4bYZrgW8mhVQY41szS_W6CVLJk6Bl-NRW4dJl2j4sCMg8W4dSl7Q6p7ZZbW4dcSsq4Pxj01W3DlwBb8PHNQCf3wqTQq04) During the event, join the conversation and ask questions on Twitter using [#CatoEvents](Vn8D5-78JC4-N5KntLVt1KMK0/*W8cQJRp2lyDBGW6B3-Qh9lG54V0/5/f18dQhb0Sjv58XJ888N7d08H-HyjJqVRbv2F1qMK5CN3hHh8GVMsQMVnQ9Qq8Z_pJ9W2MyX6Q8YztwfW8ZQ69p1VbJshW8-DdyJ8TcfRgW8W1PGc2MznrNW567bYV5lKvt_N5420y5JVPYMVVVW1H32p-C3W4cMfVr3Kqlz7N2K_NLrbwns-W34R4s82Vv3csW1G8Mxx1Bb4rMW6DbwXl2Rlj_TMtgDXWz-fHDW2Pywgy2P1hBVW55B1q82XvG5VVvdrF98QBhYMW2KlLlw8S3s8GW1Kkl0k7tn-XqW682GJD7zRX_rW1t0-nm4mczLDW52bQ222PS_JXW1X0TSF4nppllW7sC8Mt1Z93YPVmk5PX4nHJ3mW2Pk5nN1Fq2ZvW6wclDP227WSCN2-88KGcZLWRW86l1BW8xTkVTW8h2wmq83lNT4W5rVXj02Mw4sdN5gXG4FR8ckWW8rY3RH7R9-_vW4NCzxG3LDL4jW5MLmRM7c52yCW8HnYmg6H1hc9N6bp6TMZpcmqV9ZLgy63dCL6111). We are also taking questions through Facebook Live and the comment feature on the Cato event webpage. Follow [@CatoEvents](Vn8D5-78JC4-N5KntLVt1KMK0/*N2mD9VpWFh9cW7q2Fl83TTQmp0/5/f18dQhb0Sjv48YXMm6N7d08H-HyjJqVRbv2F1qMK5CN3hHh8ZVMsQMVnQ9Qq8Z_pJ9W2MyX6Q8YztwfW8-y3Qp8T753-W8W1PGc2MznrNW567bYV5lKvt_N5420y5JVPYMVVVW1H32p-C3W4cMfVr3Kqlz7N2K_NLrbF232W34R4s82Vv3csW1G8Mxx1Bb4rMW6DbwXl2Rlj_TMtgDXWz-fHDW2Pywgy2P1hBVW55B1q82XvG5VVvdrF98QBhYMW2KlLlw8S3s8GW1Kkl0k7tn-XqW682GJD7zRX_rW1t0-nm4mczLDW52bQ222PS_JXW1X0TSF4nppllW7sC8Mt1Z93YPVmk5PX4nHJ3mW2Pk5nN1Fq2ZvW6wclDP227WSCN2nBqGJcZLWRW86l1BW8xTkVTW8h2wmq83lNT4W5rVXj02Mw4sdN5gXG4FP9GRKW8rY3RH7R9-_vW4NCzxG3LDL4jW5MLmRM7c52yCW8HnYmg6H1hc9N6bp6TMZpcmqM9ZLd0y9tfz111) on Twitter to get future event updates, live streams, and videos from the Cato Institute. [SUPPORT CATO](Vn8D5-78JC4-N5KntLVt1KMK0/*VQlGz14C8YhlW2R_Mfr1gNWlD0/5/f18dQhb0Sjvk8XJblHN7d08H-HyjJqVRbv2F1qMK5CN3hHhc1XL0jYVnQ9Qq8-tSG5W2N2Z-L558c1CVK3_vy8TzqkrW54S9yj8TzbnHW33Fs_42MDvwtW2MTPSp8W2c9WW32CQ2l8jxMNSW1Vx3W43CPQ_BW5D8zFF3wr0nkW5DFWr25mKjF6W3m2gKm3qkkhZW7d094f6G7FblW4DFfS36Q9542W64S7-F5DngKfW8w_3ZM5k8Dy8W5vhdm73z0SMpW8npQgT62jBKNW2gzzPl2xZKX8W2gQNHJ7m6YQVN5bTZTpX_jQcN8RJwXn300n1W8S5PkB25BFQdW4Vv15x51CclqW8fP73Z5CRcCyW6Pjhm71wpvJQW96pbpw525VTtW51S27Q2zhsvGW8lGnk-4CcCN_N2trdz76Y9ktTTrJ15xRWwBW3M6VqD3CcsN-W2TtD2z5Q1g0GW27-Yr87nwMD4Vsk4dR3BBvJRW9kmy6C6t_rhzW2B6dMm44dKqxW3MSNpZ56nk_4W2VQY0p2WTZMrN73Q0vR1-GjXf4MpN0502) [Facebook](Vn8D5-78JC4-N5KntLVt1KMK0/*MCy1QpgXMFGW31Yrgc5Hgdhk0/5/f18dQhb0Sjvl8XJ8NlN7d08H-HyjJqVRbv2F1qMK5CN3hHhdwXL0jYVp3s9r7s5LskW7HvtbG5pXrfXW8-y10r8-DdyJW8S-08P2MmX5jW2MDvwt2MTPSpW8W2c9W32CQ2lW8jxMNS1Vx3W4W3CPQ_B5D8zFFVjPrmg6W3RDgMHd1flzk44kVYSX-57m_B1RW5c8d-S377W3LW5wfk8P5cmB6DW3hpGj26-0nBhW6R86tG5WqtdtVZ54Ml1qfB-yN1wnfMfQYX5ZW4D4Mkm3TL7pLW1w_FXM4TDcltW3L7LJH1HNNkVW3V20q23JL7GMW3svYys425p1HW16YqR92_073ZW1xkH2p2xsTXcW1xRgj61wZQ77W5WLjqf5sxB9zMhzVNs5WK_HW633xQ74M1133W4H_8kB2NqGsdW6zCFTd1Q5Ln_W1sd4dw7C2S8fW14-M7R9ktd7KW61lQ4C23lt7CW29QwS1787vSzV4SkZ02ckxTCW5KJw8H1nm13VN8PrgnK4ZDMLD2LMBkgGw2f7-P3K003) [LinkedIn](Vn8D5-78JC4-N5KntLVt1KMK0/*W56Dj6q9d_TGGW8GD6kZ3rwC4z0/5/f18dQhb0SbTR8XJ9RdN7d08H-HyjJqVRbv2F1qMK5CN3hHh9fXL0jYVnQ9Qq8--HBkW8-hnXJ6wSYjFW8Xlz2h4dQ0zxW19x8MY2jMrklW3tTVtf6LkQvnW6BrHtj6BrqCgW23-nGK265VBJW22-vhJ1Q4661W1lb6mb3dRlPLVR80xR2JDZKmN2JDgVLQ0PwKW2Yby7522WLyBW6HBHnD6qG734W7Tt-q61YfnSQW1V3gsc2fVcPrW1S1TG_1RYP-4W1F6TBk2bZwPnW1WYPnp7gXF5-W1vgch97gZ177W6NkRKN1RfzgRW5ZYRWx2h-1h7W5T3sTk87JXgRW1sB29_1Pkzr3W7H0NsV82yGvPW1T_wzf7TDnNvW1mjXJG89CVywW1R7vyK6tHj6zW7jFtJz82G-TRN70bpnCVR6H2W4q1N8d6092hMW54SnJx4d22hkW31lZKG1CXvYKW2nLkby4Hz7_vW2cyH2G6lV7ghVRmQs-1_z8wgW8LhST71LZJ6GW41hgtg6FBBxYW2VypHR7D7HxjW1Dy_KC9g-Y9Ff3tskjd04) [Twitter](Vn8D5-78JC4-N5KntLVt1KMK0/*N5ZfWPGv2yNsN4wjgdyf0xK90/5/f18dQhb0Sjvb8YXNq0N7d08H-HyjJqVRbv2F1qMK5CN3hHhdwVMsQMVp3s9r7s5LskW2LzBF32KFPsRW5mZ50N5LXQL4W2gdJ9X1SdGhJW31Dznm4bH_qwW2N33B53_t0gLW32Gf2Q4dy5FSW1kXfyt1SdKWJW1m2sXx8Xl1blW8W1LYJ5nxFbWW55T8N87w3wPSW1NC3Kc1F6KTtVkbc011ZsLJYW7z2p-Z6w4RqMN2QDjcYkSYqrW6d_0_N7HMTtVN2MyMFSk9l_RW1CMgRk7m8krCW7p9r9F49hNbjW2KmnVS1XvhzsVsfBp_1-XpmwW8Zj5q44fPD0jW1-sYKc7BvTwFVqjnMp2RfHbJW7p6GyS8X_ps0W1KQyKd7yNQvFTrNVD7KvQVLN1zW062zD-dgW1tlRmr5mkxnlW5mkwHj615rl4W8V3cZ52td_20W3NL3vq3xxDzVVJgD1w959jBWW5dfVKT1MPKVcW4xzKlk1Vx3qSW3Ft_jb4nj5cGN4sPSdgrLh9QVrHWwp6KTfD7102) [Instagram](Vn8D5-78JC4-N5KntLVt1KMK0/*W2by9_m7P4lTNN4_z5ZMjF1mj0/5/f18dQhb0Sjv58XJ888N7d08H-HyjJqVRbv2F1qMK5CN3hHh8GVMsQMVp3s9r7s5LskN1TxHFVJ7VqvW4dQ24c4dQ2-cW2NSQ0S1ggk25W1njZvy1nrCGwW96zRPS6bT6L3W8RRjRD5CkvrlW1fdmZQ1x4lQBW6HdqlT7nwG0kW6bnMRg4NQqp0W6dZ27b67h1zcMQC5z2PC2cVW3hC_fs63LCZdVdFk0k4Z2PxqW1qgdBj63zBh0W2xQd_T1sMxPMW4XH8fP4nQncPW61Lj8k954GtGVV87Zb3LJvsKW350QSc3PqHb8VLwJtm29C_CDW2w66Nr1prc4NW5G2rnj6SN86tW8qShzx5F7_t3V8Hvr229mh0WN64JMSjSbj9-W3gBZ3v5HFpXtW67FM2r4PxC8jW448hyy4frWblW471Rtk2J4_PNW8p0_B84WwqzRW7BqHv0714h8ZW1nxQBp8SdMjpW17ns3w3wB1b3W9370c13Q0fPwW7gZz6N8MBNZJN8ZzcZKVs7V_VVmj3v2Tt6YJ102) [YouTube](Vn8D5-78JC4-N5KntLVt1KMK0/*VKJfDj1TJS00VfQzbH3LQ-Ds0/5/f18dQhb0Sjv78XJ8w6N7d08H-HyjJqVRbv2F1qMK5CN3hHh9SVMsQMVnQ9Qq8--HBkW8ZLLFc2Mz0QWW8-y10r8-y3QpW8SVSqv2MmX5jW2MDrwR32pV6pW2MznrN567bYVW5lKvt_5420y5MJVPYMVVW1HW32p-C34cMfVrW3Kqlz72KFZxKW3Z79f52c1-lQW1txG9N6GsfdKW8XNh8_7JM4p8W1Xbyqv7sCPyMW2K6Z_K58PPQfN6DKx_gvLdwCW1ty44J1v_YqJW8Sm_tF1tvL6qW8Xkpn_2MlslZW48xRLH7tQvZcN55T9RLl3BC6W559zcy7rCkL4W1ysNrM2MnK9rVjKdLj7q7hwrW7m006q2K4whlW7mwM6d2HDBZmW2RgKPL1X-vHNW19zKMg8qvNQCMfTlLH1KsWrW1KzlDn7vfMSdW7bqXyY5KZd56W2b-5Lt4f_tQFW9hl4PH5mSYQ1W6MJBBk7Dp--yW7L5QT27tL05fW8mnFQ97zhlYsW6Mstxq7BLF7jVrVprC56gBW-W4g2q7s33MjNb0) Cato Institute, 1000 Massachusetts Ave, NW, Washington, DC 20001, (202) 842-0200 [Manage preferences](