A path to global economic health is in sight
Coronavirus economic impact updates
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The northern hemisphere is sweating through a second long summer of Covid-19. As the Delta variant gains ground in the US, Europe and even China, the contours of the global economic challenge are now clear.
Libertarians and statists should lay down their arms, since there is no fundamental trade-off between lives and livelihoods. Through different strategies, the countries that have best controlled the virus have generally enjoyed greater freedom and better economic performance over the past 18 months.
Emerging data from the second quarter shows how China and South Korea, both of which originally opted for harsh lockdowns, have comfortably exceeded their pre-pandemic peak levels of output, unlike large European countries. They were also able to relax restrictions more than places where the…