Intertemporal substitution remains underrated (Covid in Scotland)

He suggested the announcement that the roll-out of a vaccine within weeks had persuaded people to break the rules and take risks.

“People maybe think the battle is over because the vaccine is coming…”

Here is the Times of London story.  Of course economics suggests the exact opposite course of action, namely that when a good vaccine is coming you should play it safer in the meantime.  Beware!

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