
Lives Vs. The Economy


A question we've been hearing lately: "Is it worth it to shut down the economy to save lives?" Or "Should we let people die to save the economy?" The only way to answer this question is to figure out what a human life is worth ... in dollars. This happens all the time. In fact, U.S. government federal agencies have a very specific answer. They say a human life is worth about $10 million.
Today on the show, how economists came up with that number, why that number needs to exist, and an answer to the question: Is it worth it to restart the economy right now? (No. The answer is No.)
Music: "Finger Lickin," "In Isolation," and "Happy Trip."
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