Originally posted by: Boilerman
Kevin, then please explain the United States life expectancy decrease from 63 years in 1933 to a life expectancy of 58.5 in 1936 (7.15%).
My rough estimate is that a similar economic downturn today would lead to approximately 1.5 million premature deaths over a several year period. My goal here is not to fight with you guys, but instead to get people considering the potential death ramifications caused by a horrible economy. Let's not fight over this, but instead discuss it and consider it. Maybe my numbers are wrong, and I'm willing to listen.
I would be fine in such a downturn. My children would be fine in such a downturn. Many others will not............about 1.5 million other people.
Your hypothesis isn't supported by evidence. On what do you base your estimate of 1.5 million deaths?
Since we have no idea what the effect of a crippled economy will be on the health of the populace, I prefer to go with what we know:
1. The coronavirus kills people, and the more who are exposed, the more will die. The only counter we have is to minimize exposure.
2. Poverty kills people. However, we don't really know to what extent. We have several counters, including simply giving people money.
Therefore, we can reduce poverty using the resources we have. Therefore, we can minimize exposure and deal with the attendant economic distress.
We cannot do the opposite, though: we cannot open the economy and also avoid the attendant additional deaths.
So 1) I prefer the alternative that results in fewer deaths, as poverty can be reversed but death cannot, and 2) I prefer the problem we can remedy with the resources we have (recession) to the problem we cannot presently remedy (a deadly disease for which there is no cure).