As I write these words, a debate is raging over whether the country is “overreacting” to the COVID-19 pandemic by shutting down too much economic activity. I hope that by the time you read this, everyone has agreed that we were, because the virus has proved to be far milder than many experts predicted. But however things turn out — and especially if the pandemic is still in full swing for you — it is worth thinking carefully about how governments should make such trade-offs without the benefit of hindsight.
It is sometimes said that life is priceless. But of course …
Something to Consider
If you enjoyed this article, we have a proposition for you: Join NRPLUS. Members get all of our content (including the magazine), no paywalls or content meters, an advertising-minimal experience, and unique access to our writers and editors (through conference calls, social media groups, and more). And importantly, NRPLUS members help keep NR going.