Sacrificing the Economy to Prevent the Worst Case

While Dr. Anthony Fauci was warning the Senate of the possibility of “suffering and death” if the US ended its lockdowns too soon, William Briggs, statistician and philosopher supreme, was tabulating the global data on the effects of lockdowns.

Fauci has already explained his position in a New Yorker interview. He wants to prevent the “worst case.” Denying that economics is within his purview, he is effectively willing to sacrifice the economy to prevent the worst case.

This is a familiar position of specialists, satirized by Tom Lehrer’s missile expert: “Once the rockets are up, where they come down is not my department said Werner von Braun.”

Fauci is upholding what is called the “cautionary principle.” To prevent an ultimate disaster, any expenditures are justified. Espoused by the environmental movement with regard to climate change, the cautionary principle is incoherent amid myriad possible disasters.

Still fervently supported by Democratic advocates of the lockdown, the so–called Green New Deal would close down the US energy economy in the name of a putative peril of climate. Dr. Fauci would close it down for COVID–19 and any other possible plague.

Jared Diamond regards overpopulation as the ultimate threat and would halt population growth and thus emperil economic expansion and support for the aged. Many specialists would devote vast expenditures to fend off possible meteors hitting the earth or Electromagnetic Pulse Attacks on the power grid.

Addressing all possibly extreme threats at once would cripple the economy that is the source of the wealth necessary to remedy any actual threat that occurs. Dictating a repeated dictatorial response to speculative perils, the cautionary principle is a death sentence for the capitalism and freedom that has made it possible for the planet to support a global population of eight billion people. Today, lockdowns threaten starvation for an estimated 260 million people in the third world and untold dangers in the west.

Fauci’s “Suffering and death” may be the human condition, but according the Briggs’ global research, lockdowns are no remedy. You can read the full rundown here.

Regards,

George Gilder
Editor, Gilder’s Daily Prophecy

You May Also Be Interested In:

George Gilder

George Gilder is the most knowledgeable man in America when it comes to the future of technology — and its impact on our lives.

He’s an established investor, writer, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.

And he’s certainly no stranger to the financial newsletter...

View More By George Gilder