How Do We Prepare for an Epidemic without Bankrupting Ourselves?
In keeping with the spirit of the times, I will share some of my thoughts on the coronavirus outbreak, and what kind of public policy response would enable us to prepare for such an outbreak while still being economically feasible. I've found much of the popular writing on what the right policies are for epidemic preparedness to be disappointing. It is often too vague (Bill Gates's article in the New England Journal of Medicine struck me as short on details, which is bizarre given his foundation's involvement in many specific responses to the ongoing epidemic). Sometimes it's shamelessly partisan. Sometimes it's implausible (e.g., demanding that society constantly have enough resources on hand to handle an epidemic at any moment). But I think the problem must be talked about in greater detail for viable policies to be conceived and implemented. In this post, I won't discuss such key elements of epidemic policy as how to enforce quarantines, travel restrictions