IF it’s true that the novel coronavirus would kill millions without shelter-in-place orders and quarantines, then the extraordinary measures being carried out in cities and states around the country are surely justified. But there’s little evidence to confirm that premise — and projections of the death toll could plausibly be orders of magnitude too high.

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“SADLY, 12 years of stress tests and economic crisis planning never considered the possibility of a pandemic. Let us get a better economic plan in place for the next one.” This thought, stated by John Cochrane in the last sentence of an otherwise unexceptional op-ed, no doubt is a thought that has occurred to many others.

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