Still More Evidence That Lockdowns Were A Massive Waste Of Time, Money, And Lives

[Geee]

Issues & Insights

The nation’s economy is on track to drop by more than 30% in the second quarter. Unemployment is well into the double digits. Half of small businesses might close in the next six months. All for naught, it would appear, giving the growing pile of evidence that the economic lockdowns didn’t work.

The latest evidence comes from a report out of JP Morgan Chase & Co. this week. It finds that there’s been no increase in cases or deaths as other nations and U.S. states start reopening. This flies directly in the face of all the public health expert predictions of a major spike once people started moving about.

“Virtually everywhere, infection rates have declined after reopening, even after allowing for an appropriate measurement lag,” says the report’s author, Marko Kolanovic, a quantitative strategist at JPMorgan. “This means that the pandemic and COVID-19 likely have (their) own dynamics unrelated to often inconsistent lockdown measures that were being implemented.”

Another research paper released in early May, this one by Thomas A. J. Meunier of the Woods Hole Oceanographic Institution, found that the lockdowns in western Europe had no evident impact on the epidemic.