Lockdowns may not be worth it. The economic damage they do can dwarf the benefits of slowing the rate of infection…
Back from a much-deserved vacation, Chris dives into the latest coronavirus data and several insights are becoming clear:
1) Covid-19 is so infectious (R0 of 5+) that it will pretty much make its way through a population regardless of the efforts to avoid it
2) But, it only severely affects a small percentage of those who get it
3) And, more interesting, it’s appearing that herd immunity happens quickly, at around 15%
This leads to the conclusion that lockdowns may not be worth it. While they may slow the rate of infection spread somewhat, the economic damage they do can dwarf the benefits of that delay.