Two years ago in September 2019, before COVID was on everyone’s lips, the White House Council of Economic Advisers published a report called “Mitigating the Impact of Pandemic Influenza through Vaccine Innovation.” Even committed readers of government reports like me skipped over the report at the time. After all, I’d written about reports that discussed pandemic risks from time to time in the past (for example, here and here). Back in fall 2019, there didn’t feel like any pressing need to revisit the subject? But Alex Tabarrok referred back to the 2019 report in a recent post at the always-useful Marginal Revolution website. and given where we are today, it’s interesting to read the report again.
The CEA report states the risk quite clearly:
Every year, millions ofRead More »