We need to restart economy as soon as reasonably safe, says former RBI Governor.

Cato took some comments I made in a recent event and produced it into a nice short video, 8 minute overview of where I am, or was last week, on the economics of lockdowns.  I clearly need to work on the visuals.

Mumbai: Former Reserve Bank of India Governor Raghuram Rajan emphasized that India cannot be in lockdown for long, and will have to focus on livelihood along with lives.

With the pandemic’s toll on stocks, state pension funds may have to deal with a cumulative unfunded debt of as much as $2 trillion, reports Eric Boehm at Reason. States like Kentucky, Illinois and New Jersey — “in terrible shape” before the COVID-19 outbreak — now face “a serious crisis.”