, knowing that no one would advocate shutting the economy to stop such losses. “Negative effects on the economy create lots of misery for people,” says Harvard professor Jeffrey Miron, a former fellow at the libertarian Cato Institute. Adds David Friedman, a retired Santa Clara University professor and son of free-market apostle Milton Friedman: “The government shutting down the economy or freezing the economy or printing $2 trillion to give to people doesn’t make a whole lot of sense.
“I would love to see life going back to normal,” says Luciana Borio, a physician and the former chief scientist at the FDA, who served on Trump’s National Security Council, planning for worst-case scenarios like these until she left when the president dismantled the group’s team of health experts. “I think we should try to do everything we can to bring it back to normal as soon as is feasible and responsible to do so. We shouldn’t sit and wait a second longer than it’s needed.
It’s all a false dichotomy. Business and science aren’t zero-sum, the same way that solving climate change should be viewed as an extraordinary investment opportunity rather than a cost. Great science blossoms under entrepreneurial capitalism. Great business is based on reason and data.
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