From The Financial Times, Italy has imposed a nationwide lockdown. Ireland has closed all schools, as has Denmark, which has also shut its border. France has cancelled large public events. One big European country, though, has adopted a noticeably less stringent approach to tackling coronavirus: the UK. It may be somewhat reassuring that Prime Minister Boris Johnson and his government, who have previously disparaged “experts”, appear to be acting on the basis of scientific advice. But this strategy represents a significant gamble. Indeed, the strategy has been described as this: The strategy is to allow the virus to pass through the population. In other words, Britain is taking the same approach as they did during the Black Death. OK, this isn't perfectly fair. The goal is to "slow the spread" and "flatten the curve." But as Joshca Bach points out, this isn't a good approach at all. Regarding the United States (which isn't that much different than the UK), The “flattening the curve” idea suggests that if we wash our hands and stay at home while being sick aggressively enough, we won’t have to stop the virus from becoming endemic and infecting 40% to 70% of all people, but we can slow the spread of the infection so much that out medical system can deal with the case load. This is how our normally distributed curve looks like when it contains 10.8 million patients, of which no more than 170,000 are ill at the same time. Here's Boscha's chart: The curve needs to be destroyed, not flattened. Britain's approach could very well be disastrous.
Comments
|
Andrew Syrios"Every day is a new life to the wise man." Archives
November 2022
Blog Roll
The Real Estate Brothers The Good Stewards Bigger Pockets REI Club Meet Kevin Tim Ferris Joe Rogan Adam Carolla MAREI 1500 Days Worcester Investments Just Ask Ben Why Entrepreneur Inc. KC Source Link The Righteous Mind Star Slate Codex Mises Institute Tom Woods Michael Tracey Consulting by RPM The Scott Horton Show Swift Economics The Critical Drinker Red Letter Media Categories |