Re:U.S. Hits Record Daily Death Toll, with Worse Likely to Come
by hnrodey on Thursday December 03, 2020 @12:05PM
(#25291203)
>My response is that we should be mad at the government for failing to enact policies to actually eradicate COVID, who instead decided that it's hopeless and that we should only use halfhearted, ill-enforced methods of questionable effectiveness. And further more, we should be mad at them for failing to take more effective fiscal measures in response to the pandemic to actually support people who are hurting financially as a result of it.
Yeah, agree with all of that.
The rough price of a human life in estimates of cost-benefit analysis is on the order of $10-100 million. That puts the cost of pandemic in lives lost in the US alone as of this date to a couple of trillion dollars. Were the pandemic to infect everyone in the US, the resulting death toll would have a calculated cost of approximately 100% of yearly GDP. The economic costs of a lockdown are a bargain in comparison.