A “Careful” Economy

In a Wall Street Journal op-ed about the dangers we’re facing because we’re reopening our economy much too soon to suit him, John Cochrane had this remark:

…the most important thing government can give us is accurate and timely information on how widespread the virus is in each community—how dangerous it really is to go out—something we don’t have now.

The truly Critical Item on how dangerous it might be to go out is the mortality rate, and that’s down around 1% for Americans younger than 60-ish, which includes children and working age Americans, and it’s not much higher for those older.

That mortality rate is going down further as we learn more about the components of the denominator.

Of course, getting sick can be more than an inconvenience, but even hospitalization rates are falling, both in absolute terms and as we learn more about those denominator components.

Mortality rate information, contra Cochrane, in fact is well known to those of us who seek it out—which we have to work too hard to do because the press and Progressive-Democrat State governments studiously ignore it.

In the end, the medical dangers of restarting are overblown and the economic dangers of not restarting are underestimated if not ignored outright.

There’s nothing uncareful about reopening now or of pushing the pace of reopening.

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