20211025 Good Money After Bad - The Daily Summation

It doesn't matter what you're doing, staying the course, rather than admitting your failure when that's where things stand is BAD.

This is the idea of the "sunk cost fallacy."

One continues on the same path in order to try to show or prove that one's PAST actions have NOT resulted in the desired ends.

We used to call this, "Throwing good money after bad."

I have a car, its engine will likely need replaced. Regardless how much money I have in that car, the question is, "Is that a sensible course?"

My "job" is to make that decision.

Those currently continuing to push various mitigations for COVID-19 have a similar task.

Based on the fact that--basically two years in (about as long as the Spanish Influenza lasted)--the various things attempted appear to be more or less COMPLETELY UNSUCCESSFUL, I'm thinking it's time for a change of course.

This is what I discuss on today's edition of The Daily Summation from Kurt's Religion and Politics.

When I'm able to complete the companion article on the Kurt's Religion and Politics blog, I'll post a link to it here.

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