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14

It's a balancing act. You want to save as many people from the virus as possible, but you also don't want to disrupt the economy any more than you need to. This isn't just people being greedy either, many people living paycheck to paycheck cannot handle a recession. Some of these people will, after losing everything, commit suicide. Others will turn to ...


2

Because you would potentially destroy some businesses Understand that minor and temporary inconveniences can be absorbed by the market, but if those distortions last for long periods of time, they can carry serious consequences. For instance, Royal Caribbean Cruise Lines is offering full refunds through the end of July Effective March 6, 2020, the new ...


36

Shutting down schools, banning large gatherings and pushing people to do home office has a massive economic cost. Of course you never get the exact numbers on either death or cost but essentially you have to answer questions like: How many death does one need to prevent to make a 10% reduction of annual GDP worth it? This is a complicated ethical question ...


66

Specifically with reference to the UK, an article in the Guardian reports that Experts have warned about the risk that if tough measures are taken too soon, “fatigue” may set in, prompting the public to disregard the advice just as the virus reaches its peak. Effectively the argument is that, absent some sort of enforcement squad if people are told to ...


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