Please read the following article: Costs Must be Weighed Against Benefits by Dr. Walter Williams. It was published this week, shortly after Dr.
Williams passed away from non-covid causes.
https://www.creators.com/read/walter-williams (Links to an external site.)
Answer the following questions:
- According to the article how do economists and politicians differ in their assessment of costs and benefits?
- What is the point of the 5 mph example?
- What is the Great Barrington Declaration? Has it been criticized?
- What are the implications of the article's analysis of age and morbidity?
- Sweden recently reversed their approach to COVID. What was the reversal and what does it say about Sweden's estimation of costs and benefits
of lockdowns?
Sample Solution