[StevenGilford]

Here are 2 actual economists:

Originally Posted by Can you put a price on COVID-19 options? Experts weigh lives versus economics

His initial modeling efforts showed that even a yearlong lockdown makes economic sense, to allow time for a vaccine to be developed. The pause would shrink the economy by approximately 22%—a cost of $4.2 trillion. By comparison, the model shows that without containment measures, the economy would contract by about 7% over that year—but as many as 500,000 additional lives would be lost, which translates into a loss of roughly $6.1 trillion.

Andrew Atkeson, an economist at the University of California, Los Angeles, agrees that the economics point strongly toward strict measures. If the epidemic is allowed to grow unhindered, he predicts the economy will grind to a halt anyway as people see an explosion of infections and stop going out. “Either you shut off the economy now and have people staying at home, or you let this thing rip and you have people staying at home scared,” he says.

https://www.sciencemag.org/news/2020...price-covid-19