Economist Friedman: There's no simple equation for valuing life or re-opening the economy
Money Life with Chuck Jaffe - A podcast by Chuck Jaffe
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Howard Steven Friedman, author of "Ultimate Price: The Value We Place on Life," says that society and government are wrestling with a balance and trade-off that comes with no hard-and-fast rules or math when it decides on the value of life versus the benefits of re-opening the economy. He discusses his book, the pandemic and how governments have traditionally made decisions on the value of lives. Also on the show, Jill Gonzalez of WalletHub talks about a survey showing that 58 million Americans are spending more money shopping while in quarantine than they did before they sheltered at home, David Trainer of New Constructs highlights two troubled stocks that he thinks are headed for a rebound and, in the Market Call, Jonathan Smucker of Marietta Investment Partners explains why he will be riding out the pandemic mostly in big, boring, brand-name stocks.