Masks

Good short post on mask economics: Coase and COVID

In Caplan’s terms, I would argue that the inconvenience of wearing masks is a $2 problem. For many, it seems to be a case where there is “a disconnect between how we feel and WTP.” You may feel like mask-wearing rules (either private or governmental) are a violation of your liberties, but you’d probably pay closer to $2 than $2,000 to avoid it.