by Jeffrey A. Tucker
The American Institute for Economic Research
On March 28 – very early in the pandemic – AIER published an article that I felt at the time received far too little attention. “Drugs, Suicide, and Crime: Empirical Estimates of the Human Toll of the Shutdown” by economists Audrey and Thomas Duncan cited empirical literature on the human toll of economic devastation.
This article forecasted more than 100,000 excess deaths due to drug overdoses, suicide, alcoholism, homicide, and untreated depression – all a result not of the virus but of policies of mandatory human separation, economic downturn, business and school closures, closed medical services, and general depression that comes with a loss of freedom and choice.
These two economists demonstrated that as bad as a virus is, policies that wreck normal social functioning will cause massive and completely unnecessary suffering and death.