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Parnell Palme McGuinness

It's time to weigh the cost of death and deficit

It is hard to have a debate right now about the cost of saving lives. But we will need to have it before a potential next wave hits.

Parnell Palme McGuinnessColumnist

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If you want to sell papers these days, a nice juicy piece with some new figures about the human and financial costs of COVID-19 restrictions will send the digital issues flying off the shelves.

There is a huge appetite among audiences to revel in our collective penury – a deficit forecast to amount to somewhere between $198 billion and $230 billion this year, depending on your choice of economist. If you really want to thrill to the enormity, don't forget the historic levels of debt – $800 billion or on track to top $1 trillion!

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Parnell Palme McGuinness is managing director of Agenda C.

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    Original URL: https://www.afr.com/politics/the-ethical-discussion-on-the-virus-that-we-have-to-have-20200930-p560ia