Friday, December 10, 2010

Should society pay millions per life to save lives?

It's not often that the tradeoffs are made so clear in the mainstream media. Today's NYT:

The delayed smog rule would lower the allowable concentration of airborne ozone to 60 to 70 parts per billion from the current level of 75 parts per billion, putting several hundred cities in violation of air pollution standards. The agency says that the new rule would save thousands of lives per year but cost businesses and municipalities as much as $90 billion annually.

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