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distancing measures and prices. Simulations calculate the prices of six different levels of restrictions, with sensitivity evaluation to several uncertain underlying disease parameters. A novel contribution is contrasting non-public price-benefit calculations with the external prices and advantages to society as an entire. The least-price policy probably includes continued isolation of all who can work or study at house, while other staff practice strong social distancing. For the US, this strategy saves on the order of $10 trillion as compared to merely isolating susceptible people. The benefits of requiring different employees to remain at home only outweigh the wage losses if social distancing measures are insufficiently efficient. Immunity is a critical parameter and its absence dramatically will increase the costs of weak actions. Further research into the nonmonetary prices of isolation would be useful. The worth of the dangers a single individual can impose on the rest of society by not staying at house could be substantial, usually will increase as restrictions loosen, and must be weighed against the non-public benefits of returning to circulation. Countries the world over responded to the COVID-19 pandemic with what would possibly well be the set of largest state-led mobility and activity restrictions within the history of

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