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24 Feb, 16 tweets, 3 min read
The 10,000-Foot View: Forever Lockdown Unraveling?

A short (for me) thread on what I perceive as the current macro situation (warning: contains some optimism)

1) I believe many have overestimated the degree to which people “like” lockdown. Sure, there are some.

1/15
But rather, they might simply “support” it as they believe it to be a necessary part of our societal approach to the virus due to that claim having been repeated ad nauseum in MSM.

2/15
Further, they have merely been inconvenienced by lockdown (the Zoom class) rather than decimated (working class), so they lack any incentive to question the prevailing narrative and instead conform to what is perceived as the virtuous course of action.

3/15
2) This leads to a form of Preference Falsification (Timur Kuran). I am a huge fan of his work and it is deserving of a longer thread (which I will do at some point), but his book contains such gems as:

4/15
“preference falsification may cause everyone, including those privately supportive of change, to underestimate the extent of popular dissatisfaction”

“democracies will tend to display less preference falsification than dictatorships” (think Florida vs California)

5/15
“on issues where..people rely on social proof, huge transformations in both private and public opinion can take place over short periods”
“fearful of losing their privileges, officials conspire to block reforms, even as they recognize the horrendous social costs of...status quo”
“most members of communist-ruled societies displayed a remarkable tolerance for tyranny and inefficiency. They remained docile, submissive, and even outwardly supportive of the status quo”

7/15
In our context, lockdown forced communication primarily onto social media, where all the crazies live (and are most vocal), which distorts our view of what most normal people desire. Further, immense societal pressures exacerbate expression of Preference Falsification.

8/15
3) Three things are now happening that are causing people to seek, some for the first time, what Kuran refers to as “hard knowledge” instead of MSM narrative-based “soft knowledge”: (i) schools, (ii) the variants, and (iii) post-vaccine messaging.

9/15
(i) Schools: People want their kids in school and are not stupid enough to believe that it is somehow safe to go to school 5 days per week in Florida but only 2 days—and maybe not until next year—in SF. Its become blatantly obvious this is not about the virus.

10/15
(ii) Variants: Every day there is a headline about a new variant that is going to send us back to March 2020. Yet the epidemiological wave continues to ferociously crash (albeit with a changing composition beneath the surface).

11/15
(iii) Post-Vaccine Messaging: People are being told now, after a year of goalpost moving that ultimately culminated in “lockdown until vaccine,” that nothing will change or improve even after vaccination. Nobody is buying it and it is not going over well.

12/15
The good news: the ingredients appear to be there for a rapid shift in both private and public opinion. The bad news, such unstable regimes have historically persisted for decades despite widespread preference falsification.

13/15
The cycle that must stop is where we “conceal from others facts we know to be true..[and therefore] distort, corrupt, and impoverish the knowledge in the public domain” I am optimistic we’re starting to see this with governors/mayors opening-up or being recalled/impeached.
14/15
We need a catalyst. I’m not a conspiracy theorist but I am a political cynic and believer in convergent opportunism. There’s a $2 trillion stimulus package pending (which actually has little to do with COVID). Maybe the narrative just needs to hang on a little longer?

15/15
A brief addendum: since people seem interested, I note @timurkuran is on twitter. He may completely disagree w me on all of this, but wanted to note as he's a great follow regardless. Also, @JordanSchachtel did a great piece on the vaccine "rug pull"

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More from @the_brumby

16 Feb
SCHOOL THREAD

So, R. Weingarten, President of the AFT and future recipient of TIME’s inaugural Worst Person of the Year award, is out gloating about how the new CDC school “reopening” guidelines are similar to what the AFT proposed in April 2020. Yes…one year ago. 1/20
First, it is obviously preposterous to look to guidelines (from a labor union) issued in the early stages of a pandemic (including raw case numbers despite 70x testing volume now) prior to much better data/science/studies being made available. But I’ll play along.
2/20
What did we know in April ‘20 about child/school transmission? Here are 15 studies/articles along w a key quote/synopsis from each.

Again, all of this has only been further solidified over the last 10 months. I’m just pretending we're stuck in April 2020 like the AFT-CDC.
3/20
Read 20 tweets
9 Feb
COVID LESSONS FROM THE FREE MARKET: Among other places, much of my career has been in the capital markets. Such markets are not perfect, but they are an astonishing force to behold with much wisdom to bestow upon those willing to listen. So what lessons should we learn from
1/28
the markets as it relates to the COVID fiasco? 5 topics:

1. Markets Impose Humility Upon Models

The free markets have a way of imposing humility on those who think they have conquered them. The mad modelers and gov’t leaders will swear they saved millions of lives. Did
2/28
they? Let's look at Sweden-In April the lockdown modelers said that, if Sweden did nothing, almost 100,000 people would die by July 1. So Sweden did nothing and–what happened–the total was instead 5,490 with a curve similar to every lockdown country. Its hard to overstate
3/28
Read 28 tweets
29 Jan
California. According to media, it reopened this week! NO. There is virtually nothing open in California and-PUNCHLINE-this thread will show it will NEVER reopen under its current tier system as, big surprise, it is mathematically flawed b/c it doesn’t account for testing volume
First, let’s dispense with the MSM “reopening.” Literally 99.9% of the State’s population is in the “Purple” tier, which means no schools, no gyms, no indoor dining, no bars, no offices, no museums, no arcades, no having visitors at home, no churches, no Disneyland, no nothing
Ok, now the reopening math. Each county’s tier is based on the WORST of two metrics: (i) positive PCR tests per 100k population and (ii) test positivity %. Of course there is some BS woke “equity metric” that factors in tree canopy, but let’s put that aside for simplicity.
Read 17 tweets
21 Jan
Lockdowns don’t actually work (see pinned tweet). One reason is that it’s preposterous to think one can just halt an interwoven societal fabric. So “lockdown” is instead just poor people risking exposure to continue providing goods/services to rich people sheltering in place.
1/
A thousand books can (and will) be written on the harms of lockdowns. This thread will instead focus on its epic exacerbation of the divide between rich & poor. Last week I let 30 studies do the talking; this time I will let 23 pictures tell the story.
1. High earners are the ones that can work from home:
Read 29 tweets
15 Jan
Wow. Thanks to everyone who read, retweeted, and commented (including those taking the other side without being nasty). Since I had 4 followers at the time of my first tweet (certainly bots) I hoped 100 people or so might somehow see the thread. As of today (2 days later) it has
apparently been viewed over 1.2 million times.

I genuinely (naively) thought I might be able to have dialogue with all those interested. Fortunately/unfortunately, that has proven unrealistic given the response. Accordingly, I wanted to clarify a few things (if you couldn’t
tell from my original thread, brevity is not my strength, so apologies for another thread):

1.I believe in nuance and balance; Twitter rarely allows for either
2.I am certainly not a COVID denier. It’s a very real and horrible thing that has killed millions of people.
Read 26 tweets
13 Jan
This will be my first and possibly last tweet (thread) as I am mostly here to learn. It is prompted by a recent study questioning lockdown efficacy that is getting a lot of attention. It appears people believe it to be the first of its kind, but I have been collecting similar
studies since March 2020. Below are 30 published papers finding that lockdowns had little or no efficacy (despite unconscionable harms) along with a key quote or two from each:
1.onlinelibrary.wiley.com/doi/abs/10.111…

“there is no evidence that more restrictive nonpharmaceutical interventions (“lockdowns”) contributed substantially to bending the curve of new cases in England, France, Germany, Iran, Italy, the Netherlands, Spain, or the United States in early 2020”
Read 42 tweets

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