Except that a lot of real value was lost. Many people didn't go on cruises cruises, or visit an amusement park, or go to a theater, or eat at a restaurant, or g

Except that a lot of real value was lost. Many people didn't go on cruises cruises, or visit an amusement park, or go to a theater, or eat at a restaurant, or get a haircut. We haven't noticed the loss of capacity to provide these services because there is a corresponding drop in demand. However, the drop in demand is due entirely to a temporary public health crisis. All else being equal, people much prefer to be able to take advantage of these services, and we are poorer as a society if they are not available. [0] Although, in many cases, the decline could be seen before an official policy was implemented due to individual consumer concerns.