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> If when the dust settles the reality is that the curve wasn’t flattened at all, most everyone was already exposed, and the true IFR was more like 0.25%.... th
by CathedralBorrow 7y ago
> If when the dust settles the reality is that the curve wasn’t flattened at all, most everyone was already exposed, and the true IFR was more like 0.25%.... then we flushed $6 trillion down the toilet.
Isn't that like going all in with two aces in texas hold'em poker, and saying "If when the dust settles the reality is that the other guy had a 7 and a 2, and the board was a 3, 4, 5, 6 and a J, then I flushed all my stack down the toilet"? You make the decisions based on the information you have at the time. If you're forced to make a probabilistic call based on what you know then, your decision doesn't become wrong based on the future outcome.
And if you look at New York City for example, can you imagine any scenario where when the dust settles it turns out that we didn't have to do any of that social distancing and stimulus injecting?
Are you making the case that one of the possibilities in this forest of unknowns is that maybe we didn't have to do anything? How does that match up with what we're seeing happening in say, NYC?