Why the economic value of a face mask is $56.14

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The more people adopt mask-wearing, the more likely that lockdown measures are avoided, and costly falls in GDP averted

first six months of the year, governments across the world are hoping for an economic bounce-back. Rich-worldfell by about 10% in the first half of 2020. Yet much has changed since—including that more people are now wearing masks. Economists, obsessed with translating everything intoThe thinking goes that masks can, in part, substitute for lockdowns. People wearing them need not be discouraged as much from using public transport.

Calculations from Goldman Sachs, a bank, suggest that a 15 percentage-point rise in the share of the population that wears masks would reduce the daily growth of cases by about one percentage point. That obviates the need for lockdown measures that would otherwise subtract nearly 5% fromtook those calculations a step further.

This article appeared in the Finance & economics section of the print edition under the headline "Cloth of gold"

 

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The More Accurate the Covid testing numbers can be accounted the quicker we'll understand this was all done to CRASH the world Economy to make way for the Next USN Monetary system. What do you recommend for Fast Cross border payments when the USN isn't accepted by the Receiver?

Not really- but you keep pushing your opinion pieces.

No, no and no

This implies that the fines are ineffective - this is not the case, it is more that these rules are not being enforced, and as the nature of these masks in protecting others makes them subject to the free rider problem, economic theory suggests that... (1/2)

That is an idiotic headline - I expected more from the economist.

Maybe a pacifier would work better.

How about people using their commonsense and putting the masks on by themselves?

weilinkuang Bit late to come to that reckoning, isn't it?

Wear less cloths but don't forget to wear mask. 😜😜

It will end in NoV after the election

Hm... pro pa gan da

Rothschild front group, ignore.

No shit GOPGenocide GOPDeathCult TrumpVirus GOPBetrayedAmerica

As SE Asian countries knew months ago

This is Fact. Follow The instructions.

Perhaps if more “self protecting” masks were sold where only you are protected by wearing would (counter-intuitively) help because more people may wear it as the free rider problem is no longer prevalent; those are easier to breathe from too so lower opportunity Cost also

The error in your logic is that we must choose from either adopting masks or a shut down. There is no proof these are the only 2 possible choices. I don’t expect a socialist publication to understand but I chose not to remain silent.

Sweden and now even Wuhan pool parties say fucking hello

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