Loading ...Yes, in 20/20 hindsight the reaction was way overdone… but that is hindsight. When the virus first showed up in the world, we knew NOTHING about how virulent it would turn out to be. Initial indications were that it could be very bad, so who would want to take the chance of a really, really deadly pandemic?? Remember: We knew little or nothing about the fatality rates very early on.
Damned if you do… and damned if you don’t.
But I do think that TPTB took advantage of the emergency to strike a final resetting blow to the economy that was on borrowed time anyway. Longwave economics says we are overdue for a great depression, so….. HEEERES JOHNNY!