There is often an affordability element to action - or a material cost - even for those with the temperament to see and predict the risks. My husbands family left Vienna in 1938 leaving factories & townhouses and lifestyle and started again - more than once. The ability to stay home early in the pandemic was mainly a luxury for those that could afford it - as is the ability to stockpile or relocate.
I bet you red Claude Bastiat’s essay from 1850 - That which is seen and that which is not seen.
The opportunity cost, second-order consequences..both theories heavily derived from his insights imo. Great read as always mate, thank you.
There is often an affordability element to action - or a material cost - even for those with the temperament to see and predict the risks. My husbands family left Vienna in 1938 leaving factories & townhouses and lifestyle and started again - more than once. The ability to stay home early in the pandemic was mainly a luxury for those that could afford it - as is the ability to stockpile or relocate.