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Two Good Posts on the Swine Flu

First, even if the swine flu "crisis" is over, the "crisis" was a very good thing.  Yes, governments did the right thing.  Second, yes, a pandemic is a low probability event.  It's also a catastrophic one.  It would be nice if more people would read The Black Swan.  Or at least get the takeaway: Make a small hedge against an improbable but devastating event.  That's all "survivalism" needs to mean.  Everyone has fire insurance even though their houses are almost certainly not going to burn down.  Tell someone to grab a packet or two of Tamiflu, and they look at you like you're nuts.  It is amazing that people buy insurance, but do not grasp the abstract idea of insurance.

Full post as published by Crime & Federalism on May 05, 2009 (boomark / email).