Panic Is Imprudent

(Don Boudreaux) Tweet Here’s a letter to a Café Hayek commenter: Ms. Fernandes: Regarding your comment on this blog-post of mine: You write as though covid kills all, or nearly everyone, who it infects. But it does not come remotely close to being so lethal .

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I don’t deny that covid is unusually harmful. What I do deny is that the response of nearly every government worldwide has been proportional to the harm posed by covid. Governments’ responses have been, and continue to be, colossally excessive. Such excess is the result of panic all out of proportion to the underlying danger. To steal a point made yesterday by my colleague Bryan Caplan, if covid is ten times more dangerous than a ‘normal’ flu, then a response ten times stronger might be appropriate; what we’ve gotten instead is a response that is closer to 1,000 times stronger – one totally disconnected from reality.

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