Tyler Cowen and Alex Tabarrok have done really good work on saving America and beyond from Covid and from bad Covid takes. It’s worth saying this in more places.
Recall how this all started, as per the Econtalk podcast record in March 2020:
Tyler Cowen: I have been hunkered down at home every day, with some quick trips outside, typically to use the printer at work or maybe to refresh some grocery supplies as quickly as I can… I wake up; I get onto my sofa; I get into information-absorption mode, and just let it rip until it’s time to go to bed at night. And, I’ve been blogging and writing about this the whole time, and really not doing very much else. Although I am spending more time cooking.
So, what I see as the data come in is we ought to have greater concern as to the possible risks here, for this being a very large scale negative event.
… And in fact, I don’t think I’ve ever been busier in my entire life. Reading materials, writing, passing along advice, just processing information. Every day feels like an enormous rush of things I have to do, even though in the sense of my physical surroundings it’s quite static.
No one had all the right answers in the Spring of 2002. How many people devoted themselves to figuring it out? Who was reading dense medical research papers instead of watching extra Netflix, after being forced into semi-quarantine? There have been many heroes of the pandemic (see data heroes). The Marginal Revolution blogging team is certainly among them.
I have a virtual heap of notes on pieces I would like to write. I made notes a few years ago for an essay with the working title “Tyler Cowen as pro life economist” (which has nothing to do with abortion, by the way). I was going to construct an original argument and pull together disparate facts. Someday, maybe I will write it, but now I’ll be leading with the example of the pandemic response. It’s so obviously “a matter of life and death”. If they caused the vaccine to arrive a month sooner, then we can count the lives saved.
I didn’t plan to phrase it this way, in my original essay, but everything is life and death to economists. Occupational licensing is life and death. Deflation is life and death, because if economic output is lost due to deflation that will be someone’s prescription payment and someone else’s ability to live a full life. Economic growth is life and death. Tyler is one of the few people pointing out that it’s not only today’s low-income people but also future generations that will have longer fuller lives if economic growth is higher.