From Bonner Research:
It’s not ‘just money,’ in other words. Each dollar represents time, resources, and output – houses, dishwashers, vacations – that otherwise would have helped people get more of what they really wanted.
Yesterday came news that the Covid shutdowns were a waste. With the death tolls all over the place, there didn’t seem to be any connection between how many people the Covid-19 killed and what the feds did to stop it. But now, two years later, a detailed study by the National Bureau of Economic Research gives us a fuller picture.
NBER rated each of the states on how well it managed the crisis – not just on how many people died, but on other factors, such as how many hours did children spend in school, how many people were unemployed, etc.
MishTalk summarizes:
The outcomes in NJ, NY, and CA were among the worst in all three categories: mortality, economy, and schooling.
UT, NE, and VT were leaders in all three categories.
Among the winners, in #6 position was Florida, a state whose citizens, according to the elite press, were being wantonly massacred by an irresponsible, Covid-denying governor. It didn’t turn out that way.
And the lineup of the worst? Again, as you’d expect – Illinois, California, New Mexico, New York, Maryland and the District of Columbia. Those who embraced the shutdown policies most enthusiastically… that is, those who “followed the science” – generally, suffered most.
What we take from this experience is that the ‘science’ was bogus. Real scientists were always skeptical that we could ‘win the war’ on the Covid. At best, we could help protect vulnerable people from dying. As Shanghai is discovering now, trying to stop the bug in its tracks is probably not worth the cost.
The deeper lesson is this: America’s elite is incompetent.
Jay - Praying for Life in Colorado