4.6 • 32K Ratings
🗓️ 7 October 2021
⏱️ 47 minutes
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0:00.0 | I'd like you to imagine, and this shouldn't be very hard, but imagine you were in the midst |
0:08.1 | of a growing pandemic. |
0:09.1 | A 12th fatality has now been reported here in the United States. |
0:13.9 | ER doctors saying we are on the verge of a medical disaster. |
0:18.2 | And let's say you want to be as informed as possible. |
0:21.4 | The daily coronavirus death toll in the United States might hit 3,000 by early June. |
0:27.0 | The coronavirus forcing millions more Americans into virtual lockdown. |
0:31.0 | This dangerous health crisis could dovetail quickly into a political crisis. |
0:35.8 | And now let's say you are an economics professor watching this news for hours a day. |
0:41.8 | How does the information you are getting add to your understanding of the pandemic? |
0:47.2 | I honestly thought I was going crazy. |
0:49.8 | The economist in question here is Bruce Sasserdot at Dartmouth College. |
0:54.5 | I'm very utilitarian and I was looking for useful information and hence my frustration |
0:59.3 | because I felt like it was more advertorial and entertainment. |
1:04.6 | When Sasserdot says he was looking for more useful information, what does that mean? |
1:09.3 | What I would be looking for is, okay, there was this new study done. |
1:12.6 | Here's what they found. |
1:13.6 | Here's what this means for the pandemic. |
1:15.5 | Here's what this means for when we can get back to work. |
1:18.1 | But instead, it tends to be a lot of angst and bemoaning the numbers. |
1:24.0 | Even if they hadn't changed or had gotten better. |
1:26.7 | It wasn't that Sasserdot wanted to pretend that everything was fine. |
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