The COVID Externalities Have Changed
This phase of the pandemic need not be about individual sacrifice. What’s required now is merely communal common sense.
by Emily Oster
Dec 21, 2021
3 minutes
A new coronavirus is here. It is highly contagious, and case numbers are climbing. New York is the epicenter in the United States. This feels terribly familiar, even reminiscent of March 2020. And yet the situation is also very different because much of the population has acquired some form of immunity. Vaccination is extremely protective against severe illness and death, even for those infected with the Omicron variant. Of course, many people remain unvaccinated, including all children younger than 5, and some vaccinated people are still
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