"life is full of (similarly likely) risks, and we don't generally panic over them. if this were plague-levels of bad, more draconian measures might be warranted, but this isn't that."
So if the IFR holds up at around 1%, and herd immunity ends up being the only solution since vaccines are tough, the pandemic in the US would be quite bad, no?
Help me see where the following is flawed:
Population of the US:
328M
Herd Immunity infection total (generously assuming 60%):
196M
Hospitalization totals (generously assuming 10%):
19M
Fatalities based on IFR of 1%:
1.97M
So with 1.97M dead Americans, and 17M seriously injured (but surviving) fellow citizens, what exactly would you envision plague-levels of bad? What would be the economic damage from this level of bad?
Even if the IFR is off, closer to the flu at 0.1%, the infectiousness of this virus means we'd still need 60% or higher infections for herd immunity. With this IFR, we'd still have 17M hospitalized with serious effects, and still have 197K dead. That's at flu level IFR.
The economic value of losing 2M people, as well as 17M with shortened life spans would be far worse than what any lockdown we've implemented would do. It will take all we can to maintain social cohesion for the next 12 months.