PSA: Goolsbee trilemma: In the short term, you can only do 2 of 3: save the economy, slow the virus, stick to dont-test-don’t-tell.
In the long term (>6mo), if you don’t test and tell, you can’t do any of the 3.
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Austan Goolsbee on CNN just said something very smart sounding that reminds me of Mundel-Fleming trilemma. Can only do 2 of 3: Save the economy, slow the virus, avoid comprehensive testing (paraphrase). Is there a formal version of this? @Austan_Goolsbee
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