Benefits Vs. Costs And COVID-19
One of the first lessons in an economics class is everything has a cost. That’s in stark contrast to lessons in the political arena where politicians talk about free stuff. In our personal lives, decision-making involves weighing costs against benefits. Businessmen make the same calculation if they want to stay in business. It’s an entirely different story for politicians running the government where any benefit, however minuscule, is often deemed to be worth any cost, however large. Related to decision-making is the issue of being overly safe versus not safe enough. Sometimes, ...