From these results it seems that mass vaccination is some sort of get-out-of-jail card, as a way to get out of ruinously expensive lockdowns and allow some rebound in economic activity. Yet it was politicians and health bureaucrats who put us in jail in the first place. At any time they could undo what they imposed, with or without mass vaccination.
John Gibson, Professor of Economics, teaches at the University of Waikato. He previously taught at the University of Canterbury and Williams College, was a research visitor at the Centre for the Study of African Economies, University of Oxford and is an Associate Researcher at the LICOS Centre for Institutions and Economic Performance at KU Leuven. He received his PhD from Stanford University and has since worked around the world in countries like Cambodia, China, India, Papua New Guinea, Russia, Samoa, Solomon Islands, Thailand, Tonga, Vanuatu, and Vietnam. He is a Fellow of the Royal Society of New Zealand and a Distinguished Fellow of the New Zealand Association of Economists and of the Australasian Agricultural and Resource Economics Society.