3 ms·
> Assuming that social distancing measures can substantially reduce contacts among individuals, we find net benefits of about $5.2 trillion in our benchmark cas
by lowdose 6y ago
> Assuming that social distancing measures can substantially reduce contacts among individuals, we find net benefits of about $5.2 trillion in our benchmark case.
The article linked to this paper but I find their conclusion very unlikely. $5.2 trillion is 6% of the world combined GDP. When people are not performing value adding activities they consume value. Inventing money out of thin air is not similar to people actually creating value.
If these are the numbers our politicians base their decisions on we are in deep trouble.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3561934 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3561934