[ExI] cumulative cost of shutdown

[Rafal Smigrodzki]

On Wed, Apr 7, 2021 at 5:54 PM Stathis Papaioannou via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

>
> What about the economic cost of a deadly disease?
>
>>
>
### While persons of a sensitive disposition might call me callous, the
direct economic cost of Covid is very minor. The vast majority of victims
were the elderly in poor health whose residual contributions to the economy
were negative. The few casualties who were still in the workforce don't add
to a significant economic loss. Increased health care utilization is a
minor cost, especially if you (very callously, I know) note that the
elderly who died now mean less spending in hospitals and nursing homes
later on.

It's no wonder they call economics the dismal science.

OTOH, the cost of our insane response to Covid dwarfs the direct cost by
orders of magnitude.

Rafal
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