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Business/Finance
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Title: Moderate social distancing yields $8 trillion in economic benefits, study finds
Source: [None]
URL Source: https://www.msn.com/en-us/money/mar ... ds/ar-BB11UjWj?ocid=spartanntp
Published: Mar 31, 2020
Author: Christopher Ingraham
Post Date: 2020-04-04 13:52:39 by BTP Holdings
Keywords: None
Views: 1772
Comments: 4

Moderate social distancing yields $8 trillion in economic benefits, study finds

Christopher Ingraham 5 days ago

When it comes to fighting the coronavirus, three-quarters of Americans say it is more important to save lives, even if the economy suffers, according to a recent YouGov poll.

The Jacob K. Javits Convention Center in New York City has been turned into a temporary hospital during the coronavirus pandemic. (Angus Mordant/Bloomberg News)

But in the past week, we’ve heard a lot from others expressing the opposite view — many that are evidently well represented on the nation’s op-ed pages and in its halls of power. The lieutenant governor of Texas set off a firestorm by suggesting that older Americans should be willing to sacrifice their lives to save the economy, which has been devastated as businesses shutter to stem the virus’s spread and people stay home.

But in many respects, the either-or choice is a false one. A new working paper from Michael Greenstone and Vishan Nigam of the University of Chicago’s Becker Friedman Institute for Economics underscores that the two goals are complementary. A regimen of moderate social distancing, like what many areas of the country are doing now, has the potential to save well over a million lives.

And those saved lives are worth $8 trillion to the U.S. economy.

The paper takes as its starting point a coronavirus forecast published by Neil Ferguson and others at London’s Imperial College Covid-19 Response Team. The analysis concluded that, left unchecked, the virus would kill 2.2 million people in the United States.

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#1. To: BTP Holdings (#0)

Please post more articles like this...

makes good fertilzer.


Freedom is a social skill.

Anthem  posted on  2020-04-04   14:35:43 ET  Reply   Trace   Private Reply  


#2. To: Anthem (#1)

Please post more articles like this...

makes good fertilzer.

Supposedly, the Chinkernese have a bio-weapons lab near Wuhan. This "virus" could have escaped from there.

Since China is basically a closed society much like the old Soviet Union, you can bet they will never let out that it came from there. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-04-04   14:55:51 ET  Reply   Trace   Private Reply  


#3. To: BTP Holdings (#2)

Supposedly, the Chinkernese have a bio-weapons lab near Wuhan. This "virus" could have escaped from there.

Maybe. I think it was carried to China by the US Army's participants in the military games there last summer.

This whole thing may have been the Trump team taking a club to the globalist "liberal order" that Kissinger is desperately trying to salvage. The globalist are trying to turn the tables on Trump by sabotaging the US economy.


Freedom is a social skill.

Anthem  posted on  2020-04-04   15:58:33 ET  Reply   Trace   Private Reply  


#4. To: Anthem (#3)

The globalist are trying to turn the tables on Trump by sabotaging the US economy.

That all depends on the money supply as determined by the FED. We know at this time Trump and the FED are at loggerheads. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-04-04   16:17:35 ET  Reply   Trace   Private Reply  


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