{"id":6578,"date":"2021-11-14T15:46:40","date_gmt":"2021-11-14T15:46:40","guid":{"rendered":"http:\/\/lonecandle.com\/?p=6578"},"modified":"2021-11-14T15:46:40","modified_gmt":"2021-11-14T15:46:40","slug":"lockdowns-high-costs-and-murky-benefits","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=6578","title":{"rendered":"Lockdowns&#8217; High Costs and Murky Benefits"},"content":{"rendered":"\n<p>\n\n&#8220;If legislators were determined to &#8220;save lives, period, whatever it costs,&#8221; they would set the speed limit at 5 miles per hour, or perhaps ban automobiles altogether, which would prevent nearly 40,000 traffic-related deaths every year. Those policies seem reasonable only if you ignore the countervailing costs. In public policy, economist Thomas Sowell famously observed, there are no solutions; there are only tradeoffs.<\/p>\n\n\n\n<p>&#8220;Logically,&#8221; Bourne writes, &#8220;there must be some negative consequences of government lockdowns, and some point at which they might become self-defeating.&#8221; To figure out when that might be, policy makers needed to estimate the public health payoff from lockdowns and compare it to the harm they caused.<\/p>\n\n\n\n<p>Contrary to Cuomo&#8217;s framing of the issue, this is not a matter of weighing &#8220;the economic cost&#8221; of maintaining lockdowns against &#8220;the human cost&#8221; of lifting them, as if those categories were mutually exclusive. Even in life-and-death terms, lockdowns had a downside, since they plausibly contributed to a spike in drug-related deaths, discouraged potentially lifesaving medical care, and inflicted financial and psychological distress, neither of which is good for your health. And as Bourne emphasizes, &#8220;economic welfare&#8221; goes beyond household finances or GDP, encompassing everything people value.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed-wordpress wp-block-embed is-type-wp-embed is-provider-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"xalAtHBqa8\"><a href=\"https:\/\/reason.com\/2021\/10\/23\/lockdowns-high-costs-and-murky-benefits\/\">Lockdowns&#8217; High Costs and Murky Benefits<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Lockdowns&#039; High Costs and Murky Benefits&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2021\/10\/23\/lockdowns-high-costs-and-murky-benefits\/embed\/#?secret=wnCqA9u8hk#?secret=xalAtHBqa8\" data-secret=\"xalAtHBqa8\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;If legislators were determined to &#8220;save lives, period, whatever it costs,&#8221; they would set the speed limit at 5 miles per hour, or perhaps ban automobiles altogether, which would prevent nearly 40,000 traffic-related deaths every year. Those policies seem reasonable only if you ignore the countervailing costs. In public policy, economist Thomas Sowell famously observed, there are no solutions; there are only tradeoffs.<\/p>\n<p>&#8220;Logically,&#8221; Bourne writes, &#8220;there must be some negative consequences of government lockdowns, and some point at which they might become self-defeating.&#8221; To figure out when that might be, policy makers needed to estimate the public health payoff from lockdowns and compare it to the harm they caused.<\/p>\n<p>Contrary to Cuomo&#8217;s framing of the issue, this is not a matter of weighing &#8220;the economic cost&#8221; of maintaining lockdowns against &#8220;the human cost&#8221; of lifting them, as if those categories were mutually exclusive. Even in life-and-death terms, lockdowns had a downside, since they plausibly contributed to a spike in drug-related deaths, discouraged potentially lifesaving medical care, and inflicted financial and psychological distress, neither of which is good for your health. And as Bourne emphasizes, &#8220;economic welfare&#8221; goes beyond household finances or GDP, encompassing everything people value.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[215,588,409,214,483,53,809,596,411,701],"class_list":["post-6578","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-benefits","tag-corona","tag-coronavirus","tag-costs","tag-covid-19","tag-deaths","tag-lockdowns","tag-masks","tag-policy","tag-social-distancing"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6578"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6578\/revisions"}],"predecessor-version":[{"id":6579,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6578\/revisions\/6579"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}