I think we are going to see hyperinflation at some point, particularly if this is dragged on for the 18 months necessary for a vaccine.
Why would I go in to work and stack shelves when the Government will just give me money to sit at home? Why would I even go into the hospital to operate a Ventilator?
The point is that the UK (and many other countries) are essentially 100% oriented around COVID-19, to the extent that the entire resources of the country and its people are dedicated or impacted by it.
Lets reiterate the death rates, from Imperial College's own report:
0-9: 1 in 50,000
10-19: 1 in 16,667
20-29: 1 in 3,333
30-39: 1 in 1,250
40-49: 1 in 667
50-59: 1 in 167
60-69: 1 in 45
70-79: 1 in 20
80+: 1 in 11
The above is slightly less than the risk of death from any cause.
