A Pandemic of Endless Ignorance
America’s biggest problem is ignorance of proven precepts of political economy. I don’t mean fancy econometric techniques or models full of malarkey (i.e., much of professional economics), I mean the basic, irrefutable concepts and empirical regularities sketched below. If those had been widely understood and applied a year ago, states would not have locked down in response to a highly contagious virus deadly only to a relatively small and easily identified segment of the population. All the costs associated with lockdowns would have been avoided and the number of excess deaths would have been lower, if not nil.
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