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The delta variant is scary, but it won’t bring the economy down

And of course there are states that lie between the extremes of Vermont and Louisiana. In New York, for example, the percentage of fully vaccinated adults is 67 percent, with big differences across the state. It is very plausible that if infection rates increased, New York State or New York City would restrict some activities like indoor dining – although even in those instances we are likely to be talking about seating restrictions rather than total bans. The same could be true of theater and other activities that involve indoor crowds. This will pinch parts of the New York economy, but restrictions on theater capacity will have little effect on the economy.

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