Nobel Prize winner says test everyone in US; it will cost $100 billion - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Nobel Prize-winning economist Paul Romer says for the US to return to normal by the summer every single person needs to be tested, which will cost $100 billion

A Nobel Prize-winning economist is calling on the government to test every person in the United States for the coronavirus to get the country back to normal this summer, for a cool $100 billion.

Paul Romer, a former World Bank chief economist who won the Nobel Prize in 2018 for modeling the US' and global economies, toldthe government should test every person every two weeks and isolate those who tested positive. He said it would probably cost about $100 billion, which might sound like a lot, but it isn't in comparison to what Congress has already spent — about $2 trillion — on dealing with the coronavirus, with more government spending to come, if parts of the country remain closed.: "It's totally in our control to fix this. We should be spending $100 billion on the testing. We should just get it going. It's just not that hard.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Economist no virologist. So shut up.

BS FREE people need no test to work.

😂

Let’s get it done! A lot cheaper than another trillion or 2 in bail outs.

It's like what's the point after the testing they still get infected? Are we going to be testing every 14 days in forever like porn stars?

I can see where hes coming from an economic stand point but how would testing everyone be the solution, people can catch it more than once. Just because you have a nobel prize doesn't make you king smarty pants economics

Test everyone for coronavirus every two weeks or test everyone for a coronavirus antibodies once 🤔 ........ he's not a very good economist

LOL, pure nonsense. What if during 25% to 30% of tests the majority comes back positive, would it not imply that herd immunity is already moving at fast past? Data reflects over 90 survival rate, so why such nonsensical ideas?

Who gives a shit? $100billion is literally not a concern for our government.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Half of US doctors now use telehealth - Business Insider - Business InsiderForty-eight percent of US physicians now report treating patients via telemedicine — a huge leap from the 18% who said the same in 2018. The answer here is simple. There is not enough opportunity for BILLING when this is done. Doctors are sharks just as ferocious as lawyers when it comes to BILLING! Not enough billing = No New Mercedes 500!
Source: BusinessInsider - 🏆 729. / 51 Read more »

INSIDER TODAY: Yes, we should waste billions and risk lives to get a vaccine - Business InsiderThe biggest enemy in the fight against the coronavirus pandemic is time. That means we need to risk a lot to develop a vaccine quickly. Start with bill gates and his family 'So there is literally almost nothing we shouldn't try to get us a vaccine quicker — even if that means building factories that make vaccines that don't work and conducting potentially deadly trials on volunteers.' OK, yeah, OK, sounds good... wait, what was that last part? Yes that's must...
Source: BusinessInsider - 🏆 729. / 51 Read more »

PRESENTING: How big banks decided the futures of US small businesses - Business InsiderPRESENTING: How big banks decided the futures of America's small businesses: The inside story of how $349 billion in government cash was doled out in just 12 days, leaving thousands of entrepreneurs without relief
Source: BusinessInsider - 🏆 729. / 51 Read more »

U.S. banks in another mad grab for $310 billion in new small-business aidU.S. banks on Monday began another chaotic dash to grab $310 billion in fresh small-business aid released by the government, after 11th-hour changes to the first-come-first-served program led to technology issues for some lenders. What is she trying to measure ? If only there was an IG overseeing this money, instead of a couple of Trump's trick poodles. realDonaldTrump This kind of stupid mad dash to the money will not help the overall economy. realDonaldTrump SpeakerPelosi
Source: Reuters - 🏆 2. / 97 Read more »

U.S. banks gird for mad grab of another $310 billion in new small business aidU.S. banks on Monday began another chaotic dash to grab $310 billion in fresh small business aid released by the government, after it changed some of the rules of the first-come-first-served program at the 11th hour. The US makes more money when we all sit at home. Let’s switch to UBI, sit back, and see how high the debt can actually go!!! Is she giving away pens again? Its interesting watching how much Americans will tolerate. One day...one day it will click that every dollar the government doesn't spend on them is B*******! Taxes = People's money.
Source: Reuters - 🏆 2. / 97 Read more »