One of President-elect Joe Biden’s coronavirus advisers floated the idea of a nationwide coronavirus lockdown in an effort to rein in the illness and rejuvenate the economy as new cases climb once again.
Michael Osterholm, a University of Minnesota expert on infectious diseases, said in an interview with Yahoo! Finance that a four- to six-week lockdown could both control the virus’ spread and benefit the economy.
“We could pay for a package right now to cover all of the wages, lost wages, for individual workers,” he told the outlet, noting low interest rates. He added that federal borrowing could bail out small- and medium-sized companies, cities, states and county governments.