A declaration of war, curtailment of liberties, or other expenditure of resources more than ten times the loss of resources (including life, which is not priceless) it tries prevent.
Is there a standard method for assigning a numerical value to liberties?
The money those people would pay to avoid the loss of liberty, had they the option.
That’s a valid measure, but it would require a fairly complicated study to actually get a value for it.
And it’s complicated by loss aversion.
A declaration of war, curtailment of liberties, or other expenditure of resources more than ten times the loss of resources (including life, which is not priceless) it tries prevent.
Is there a standard method for assigning a numerical value to liberties?
The money those people would pay to avoid the loss of liberty, had they the option.
That’s a valid measure, but it would require a fairly complicated study to actually get a value for it.
And it’s complicated by loss aversion.