Daily Dialogue: Do we really have to choose between our Safety and the Economy?

We've been told that we have to make a choice between our safety and the economy. Is that true? Or is it a false choice?

Allen:

What are you thinking about going back to work, Chris?

 

Chris:

I am thinking mostly about safety.

 

Allen:

Me too. They say we should be willing to accept more deaths in order to save the economy.  “Rule 1: “Save the economy or save lives” is a false choice.”

 

Chris:

With no healthy population, there's no healthy economy! With much of the U.S. in shutdown mode to limit the spread of the Covid-19 disease, a debate has sprung up about when the country might “reopen” commerce, to limit economic fallout from the pandemic. But as a new study co-authored by an MIT economist shows, taking care of public health first is precisely what generates a stronger economic rebound later."

 

Allen Schwartz & Chris Maddox

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