At least when a new strain of the flu is announced, the markets don't drop 3 percent in light liquidity and lockdowns are not on the horizon, because there was no need to shut down the economy.
I miss the old days, when the flu gave us the sniffles, but we went to work anyway with tissues and green tea. Back then, the government did not pay you to stay home even though you are not sick.
Now you must lockdown in your home because you might infect a 124-YO woman, thus ruining her quality of life.
Covid-19 has a 2% Case Fatality Rate. This is over 20 times that of the seasonal flu.
