Economics is called the dismal science in part because it is about hard choices — situations where we can't have our cake and eat it too. Last year it seemed as if COVID wasn't one of them. Keeping the virus at bay gave Australia one of the world's lowest death tolls and one of its shortest recessions. The Delta variant changed that and made the "costs" of fighting the pandemic much harder to bear. The Economists discusses the "trade offs" of the pandemic and the road ahead.

Guests:

Stephen Duckett, Health and Aged Care Program Director, Grattan Institute

Peter Harris, Former Productivity Commission chair, former CEO, National COVID-19 Coordination Commission Advisory Board