The Cost of Vaccines

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The vaccine allowed us having the vaccine allowed us to get back to more normal life. We were saving a trillion to trillion something like that by accelerating the distribution of this vaccine. And it cost the government 10 billion, right, as many, many decibel places different. But if you want to put it in those terms, it was a great rate of return.

When there's no vaccine on the market, people will look for other ways to be safe, including school closures and the handwashing of groceries. Listen as economist Casey Mulligan of the University Chicago talks with EconTalk's Russ Roberts about the costs of delaying a vaccine, the hidden costs of FDA regulation, and what we learned and failed to learn about the Covid pandemic.