All of the measures we are taking right now could be helpful. But only if one of three things happens over the course of the coming weeks: (1) We build massive new numbers of hospital and ICU beds and ventilators; (2) summer kills coronavirus; (3) vaccines are developed.
If none of those occur, the virus will simply start spreading again as we all go back to our daily lives. In which case questions will be asked about whether Denmark was right to seek herd immunity ASAP rather than waiting for one of those three things to occur.
The lockdown would then either have to end, and we'd have to put the vulnerable at risk, or we'd have to continue an unprecedented economic depression for a full year. Who would buy bonds at that point? Would we simply try to inflate the currency? What does that even look like?
