Covid-19 has disrupted much of human life, but Operation Warp Speed has drastically mitigated the costs of the virus. The $10 billion federal program launched in April 2020 encouraged and accelerated the development and mass manufacturing of COVID-19 vaccines, streamlined Federal approval for vaccines and their manufacture, and provided Federal funds for private vaccine research and advance-purchase orders. COVID-19 vaccines are currently being administered to the general public at least six months earlier than expected. Vaccinating the population against COVID-19 six months earlier was worth about $1.8 trillion to the U.S. alone in terms of lives saved and accelerating the return to normal schooling, work, socializing, etc. (Mulligan and Philipson 2020).***
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Friday, March 5, 2021
$10 Billion Operation Warp Speed Worth $1.8 Trillion To US Alone For Saving Lives And Accelerating Return To Normalcy
Posted By Milton Recht
From supply and demand (in that order), Tuesday, March 2, 2021, "How Chicago Economics is Helping End a Pandemic: Interview with Murphy, Philipson, Topel" by Casey Mulligan:
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