Tim Harford rightly points out that we are now at the stage of pandemic when there is a vast disparity of different attitudes and actions /FT, 11 July/12 July 2020/.
He focuses on the life vs. death coin of the pandemic; however, there are many more coins on the table. There is the “complete lockdown vs. saving jobs” coin, another is the “going to hospitals vs. avoiding them at all costs” coin, there is the “following the tide vs. pursuing your own best options” coin and many more.
In the long run we are all dead /J M Keynes/, so the golden rule might be to consider and use all coins on the table at the same time.
Re “Young pessimists’ and ‘old optimists’ differ on virus”
Governor Matolcsy, MNB, the Central Bank of Hungary
