The economic costs of the Covid-19 pandemic in the United States are staggering. Tens of millions of lost jobs, billions of dollars in lost business revenue and state tax revenue, trillions spent on stimulus and relief programs. And in a few short days, 200,000 deaths.
But you can’t put a price tag on human life, right? Life is, well, priceless.
Actually, the government has for several decades put price tags on our lives. The Value of a Statistical Life (VSL) was set at $9.6 million in 2016 by the U.S. Department of Transportation, for example.
Yes, it’s a crude, some…
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