Viewing post #2250435 by Australis

You are viewing a single post made by Australis in the thread called Coronavirus Info Central (COVID19 Discussion).
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May 24, 2020 8:25 PM CST
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Name: Joshua
Melbourne, Victoria, Australia (Zone 10a)
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How much is a life worth?
https://www.washingtonpost.com...

Apparently enough that easing restrictions in the US is more expensive to the economy in the long run:

The Washington Post said:Economists at the University of Wyoming estimated the economic benefits from lives saved by efforts to "flatten the curve" outweighed the projected massive hit to the nation's economy by a staggering $5.2 trillion. Another study by two University of Chicago economists estimated the savings from social distancing could be so huge, "it is difficult to think of any intervention with such large potential benefits to American citizens."

In other words, the economists are saying, "the cure" doesn't come at a cost at all when factoring in the economic value of the lives saved.
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