3 ms·
There is no trade-off. Exponential functions are pretty binary. We contain this (R0<1) or we let this kill 3.6% of the population, and likely permanently harm t
by wegs 7y ago
There is no trade-off. Exponential functions are pretty binary. We contain this (R0<1) or we let this kill 3.6% of the population, and likely permanently harm the lungs of many more.
A core problem is that we're not looking at how to mitigate damage to the economy. We can handle a month or two of the economy shutting down, no problem. You'll get your new car 2 months later.
Most of the damage is auxiliary: businesses going bankrupt, people defaulting on mortgages, etc. All of that can be mitigated with the right measures.
https://docs.google.com/document/d/1YbtJGn7ida2IYNgwCFk3SjhsZ0ztpG5bMzA3WNbVNhU/edit https://docs.google.com/document/d/1YbtJGn7ida2IYNgwCFk3Sjhs...
The economic harm of losing 2 months of production -- or even a year of production -- is much smaller than the economic harm of supporting people disabled by coronavirus for the rest of their lives. That is assuming we mitigate the economic fall.
- ltbarcly3 7y ago>> The economic harm of losing 2 months of production -- or even a year of production -- is much smaller than the economic harm of supporting people disabled by coronavirus for the rest of their lives. That is a tradeoff? I don't understand how you are disagreeing with what I said. You are literally spelling out what we are trading off, the fact that its a very good trade (in your opinion, which is based on expert advise and almost certainly correct, but there are no guarantees) doesn't make it stop being a trade. In fact, that is how all tradeoffs work, one option is better than the other so you pick it.
- deleted 7y ago[deleted]