But first: if you think economics do not matter compared with Covid, I beg you to reconsider.
From today’s Reuters:
U.N. warns economic downturn could kill hundreds of thousands of children in 2020
“Whether one likes it or not, it is a fact that the main issues of present day politics are purely economic and cannot be understood without a grasp of economic theory,” wrote Ludwig von Mises, who was a thinker of the highest magnitude — truly on par with the brightest and smartest people in all of human history. I’ve quoted the above passage before and quote it again now because it is undeniable — it’s called the seen and the unseen — and the ramifications of the panic-driven policies and controls enacted by bumbling bureaucrats will dwarf the ramifications of the disease, the damage and destruction far longer lasting, unless those policies and controls are lifted.
This breaking news is from Boston 25 News:
The Centers for Disease Control and Prevention is now “actively looking into” results from universal COVID-19 testing at Pine Street Inn homeless shelter. The broad-scale testing took place at the shelter in Boston’s South End a week and a half ago because of a small cluster of cases there.
Of the 397 people tested, 146 people tested positive — not a single one of whom had any symptoms.
“It was like a double knockout punch. The number of positives was shocking, but the fact that 100 percent of the positives had no symptoms was equally shocking,” said Dr. Jim O’Connell, president of Boston Health Care for the Homeless Program, which provides medical care at the city’s shelters.
“All the screening we were doing before this was based on whether you had a fever above 100.4 and whether you had symptoms,” said O’Connell. “How much of the COVID virus is being passed by people who don’t even know they have it?”
The 146 people who tested positive were immediately moved to two different temporary isolation facilities in Boston. According to O’Connell, only one of those patients needed hospital care, and many continue to show no symptoms.
“If we did universal testing among the general population, would these numbers be similar?” said Lyndia Downie, president and executive director at the Pine Street Inn.
And breaking news from Stanford University:
“Stanford released its initial Santa Clara antibody seroprevalence results. Implied infection fatality rate is less than 0.2% in Santa Clara county, with 50-85X more cases than current measured.”
This is good news, big news, and exciting news, but Stanford also issued this wise caveat (click the fine print to make it larger):
This study is early, but it’s unquestionably encouraging — especially in combination with the test-results from the Boston homeless shelter. The suffering has been real yet regional in scope, and the “mitigation” measures taken were driven by pure panic and propaganda — horrid, disastrous policies that were equivalent to trying to put out fire with rivers of gasoline.
Whether the controls will be fully lifted remains to be seen.
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