Had they let the Mexican Beer Virus run it’s course, there would have been fewer net deaths during the same period of time.
Frédéric Bastiat identified it as “the seen and the unseen” back in the mid 1800s.
“In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them. There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.”
That’s why the economist must be very careful when taking the advice of an “expert” biologist. — jtl, 419
…if Americans don’t go back to work immediately they may be responsible for the deaths of their own families and millions of other fellow Americans. We aren’t just talking about anxiety, suicide, loneliness and low vitamin D levels from being confined indoors. We are talking about food shortages and even starvation in some families as well as financial insolvency, ruination of credit, family conflict, divorce, desperation and loss of hope.
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