Past Pandemics Show The Lockdowns—Not the Virus—Caused Our Economic Chaos
Media pundits and politicians are now in the habit of claiming it was the pandemic itself that has caused unemployment to skyrocket and economic growth to plummet.
The claim is that sick and dying workers, fearful consumers, and disrupted supply chains would cause economic chaos. Some have even claimed that economic shutdowns actually help the economy, because it is claimed allowing the spread of the disease will itself destroy employment and economic growth.
Leaving aside the fact there’s no evidence lockdowns actually work, we can nonetheless look to past pandemics—where coercive government interventions were at most sporadic—we should see immense economic damage. Specifically,