In my post late last week I wrote about Martin Lally’s attempt at a cost-benefit analysis around the current government’s strategy of eliminating Covid from (the wider community in) New Zealand. I was interested in it as much as anything because there was, and is, no sign that the government – or official agencies (notably Health and Treasury) – has attempted anything of the sort. As I noted in the body of the post, whatever view one takes on events of the last six months, decision-making from here requires a genuinely marginal analysis, setting aside sunk costs and benefits and focusing just on things that can be controlled or influenced from here on, by New Zealand.
Prompted by that observation, Martin Lally modified his paper slightly to introduce an explicit forward-looking dimension (both versions are now linked to in the earlier post). He ended up with this strong conclusion
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Utopia, you are standing in it! 
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