3 ms·
Here's one: https://www.pandemiceconomist.com/2020/04/costs-and-benefits-of-government.html https://www.pandemiceconomist.com/2020/04/costs-and-benefits... TL;
by palmtree3000 6y ago
Here's one:
https://www.pandemiceconomist.com/2020/04/costs-and-benefits-of-government.html https://www.pandemiceconomist.com/2020/04/costs-and-benefits...
TL;DR (copied directly from the post):
With these values, if a lockdown of two years or less will stop the COVID-19 pandemic, it is a good idea. With the current research into treatments and vaccines and the development of testing and tracing strategies, I believe that there will be a medical or public health way to stop the pandemic in less than two years. Notably, the net benefit of a decision to initiate or sustain lockdown goes up over time, because the time remaining until medical countermeasures are available keeps going down.
- robocat 6y agoThat analysis strikes me as being very shallow. With that style of analysis, you could come up with whatever result you wanted. Covid mainly kills older people, so you can’t use an “average” value of a life when calculating costs. I would also expect some discussion on the effects upon the economy of the death of a lot of retirees. Disclaimer: I’m not an economist.