No doubt some remember “drop the bag at the doorstep,” “no knocking on the door,” “don’t ring the doorbell” lest the working-class germs of the delivery persons remain. It all raises a question about what people did to maintain their figures amid all the binge-watching, eating, and advertising of their doings on social media.
While conservatives were properly disgusted by the $1.9 trillion coronavirus “rescue plan” signed into law by President Biden in 2021, they were rather quiet in 2020 when a $2.9 trillion Cares Act was passed. Please keep in mind that absent this massive bit of wealth redistribution, there’s no way lockdowns around the country could have lasted even two weeks, let alone many months.
While politicians couldn’t ever create or legislate billions working together around the world, they could and can surely break voluntary economic arrangements. When you have guns, handcuffs, the power to quite literally shut off power sources to the productive, not to mention the wealth produced by the productive, you have the power to impose command-and-control.
Many countries have economies reliant on tourism, but it seems the businesses created to serve the tourists weren’t asked their opinions about this overreach. It’s worth adding that investment is the driver of all economic progress, but with travel limited, how many interesting concepts have been suffocated by a lack of exposure to the financiers whose allocations would, in normal times, propel them to greater heights?
Long before the vaccine was created, market signals from China indicated the virus wasn’t terribly lethal for the healthy, but much the same was revealed here. In other words, in a world without a vaccine, the healthy were going to get the virus, but the natural immunity achieved was going to render them less liable to get it again, and spread it.
Similarly, private businesses were in some instances going to shut down altogether, shut down partially, not at all, and many ways in between. What’s important is that varying actions in response to the virus were going to produce voluminous information about how it really spreads, along with the behavior and level of business openness most associated with spread. Human action was going to teach us about the behavior most associated with good health outcomes, while lockdowns based on highly limited information were going to blind us.