Lockdown Deaths in the US: 170,000
BY MICHAEL SENGER | BROWNSTONE INSTITUTE | JUNE 13, 2022
A new study from the National Bureau of Economic Research, cited in The Australian and in a New York Times op-ed, reveals over 170,000 non-Covid excess deaths among young Americans in 2020 and 2021, most likely attributable to measures implemented to combat the coronavirus—i.e., deaths by lockdown.
The Economist puts the number even higher, at 199,000. This rate of non-Covid excess deaths among young people holds constant across European Union countries that employed strict lockdown measures, but disappears for Sweden, which did not employ such measures.
According to the NBER study:
Summing our estimates across causes and age groups, we estimate 171,000 excess non-Covid deaths through the end of 2021 plus 72,000 unmeasured Covid deaths. The Economist has assembled national-level mortality data from around the world and obtains a similar U.S. estimate, which is 199,000 (including any unmeasured Covid) or about 60 persons per 100,000 population (Global Change Data Lab 2022). For the European Union as a whole, the estimate is near-identical at 64 non-Covid excess deaths per 100K. In contrast, the estimate for Sweden is -33, meaning that non-Covid causes of death were somewhat low during the pandemic. We suspect that some of the international differences are due to the standard used to designate a death as Covid, but perhaps also Sweden’s result is related to minimizing the disruption of its citizen’s normal lifestyles.
Hauntingly, the results of the NBER and Economist studies are a near-perfect match of the simple calculations of lockdown deaths performed in my book, Snake Oil.
As the New York Times notes euphemistically: “The rate of death from all causes for younger adults has risen by a bigger percentage than has the rate of death from all causes for old people.” It’s nice of the New York Times to finally print this fact, but they would appear to be, euphemistically, a day late and a dollar short—the “dollar” in this case being 200,000 young American lives.
Arctic Council Decisions Made Without Russia to Be Illegitimate – Ambassador to US Antonov
Samizdat – 09.06.2022
WASHINGTON – Russia is concerned about plans to resume the work of the Arctic Council without its participation and warns that decisions made in this format will be illegitimate, Russian Ambassador to the United States Anatoly Antonov said.
Canada, Denmark, Finland, Iceland, Norway, Sweden and the United States earlier announced their intention to resume work in the Council on a limited basis – within the framework of projects that do not involve Russia.
“Such a step cannot but cause concern not only for Russia as the current chairman of the Council, but also for the entire international community interested in the further sustainable development of this region. We state that this unique format of interstate interaction continues to be politicized,” Antonov said.
“Decisions on behalf of the Arctic Council, made without our country, will be illegitimate and violate the principle of consensus stipulated by its governing documents,” he warned.
The work of the Council was suspended on March 3 in light of the events in Ukraine.
Family worried as Iranian held incommunicado in Swedish detention
Hamid Nouri, a former Iranian official, has been jailed in Sweden since 2019
Press TV – June 1, 2022
A former Iranian official, wrongfully accused and jailed in Sweden, has been held incommunicado for almost a month, his relatives say.
The Iranian Judiciary’s Media Center cited Hamid Nouri’s family members as saying that he has not been able to contact them for 28 days now.
The Swedish judiciary has reportedly cut off communication with his family after relocating him to another detention center, leading to serious concerns among his family in Iran.
Nouri was arrested upon arrival in Sweden at Stockholm Airport in November 2019 and immediately imprisoned. He has been held in solitary confinement for over two years.
Swedish prosecutors have requested the maximum penalty of life imprisonment for Nouri, accusing the former Iranian judiciary official of prisoner abuse.
The charges against Nouri stem from accusations leveled against him by members of the anti-Iran terrorist Mujahedin Khalq Organization (MKO), who claim Nouri was involved in the execution and torture of MKO members in 1988. Nouri vehemently rejects the allegations.
Iran’s Foreign Minister Hossein Amir-Abdollahian has denounced his detention as “illegal.”
Reports say Swedish judicial authorities have been preventing Nouri from contacting his family since moving him to a different detention center.
Upon arrest, he was forbidden for around eight months from making phone calls to his family members, and barred from meeting them in person for two years.
Data shenanigans as Sweden misleads its public over vaccination-related mortality data
Health Advisory & Recovery Team | May 29, 2022
In December 2021 Norman Fenton, Martin Neil, Clare Craig, Josh Geutzkow, Joel Smalley, Scott McLachlan and Jonathan Engler published an article casting doubt on the vaccine efficacy implied by the UK’s official mortality statistics as they related to vaccination status, raising miscategorisation of vaccinated deaths soon after injection as unvaccinated as a possible significant factor.
The authors — as expected — were unable to publish this article in any mainstream journal, as anything which counters the government’s official position on anything related to the pandemic, especially vaccinations, has effectively been suppressed or censored throughout the last 2 years.
Despite repeated FOI requests by several parties, no UK government agency has ever released sufficiently granular data broken down into the necessary categories to permit any meaningful analysis of the extent (if any) of this miscategorisation issue.
Now, however, it appears that an FOI request to the Swedish Public Health Agency by 29 doctors and scientists has been successful in obtaining such data (for Sweden). They have written an article about it (in English) here.
The data is revelatory. It essentially shows that individuals dying within 2 weeks of vaccination have been classed and counted as unvaccinated. Incredibly, this applies to the 14 day period after the second as well as the first dose. The numbers involved are certainly non-trivial. In a substack blog, Jessica Rose has re-run the implied vaccine efficacy statistics in light of the new data categorizations.
In conclusion, the correct categorization turns the vaccine efficacy calculation totally on its head, suggesting a significantly increased risk of death in the vaccinated compared to the unvaccinated, rather than the vice-versa conclusion the authorities had originally touted. Whilst there is no age-breakdown, the magnitude of the reversal in the conclusions is nonetheless stark enough to conclude that there has been very serious and likely deliberate misrepresentation of what the mortality statistics truly imply about the efficacy of the vaccines against mortality.
One wonders how many other countries have played similar tricks with their data?
Post-script:
A further – anonymous – author has published an article claiming to build on Jessica Rose’s piece by calculating the mortality rates in the vaccinated and unvaccinated and comparing them to flu.
The author acknowledges the possible effect of age-confounding in the text, but in referring to it as having only a “slight” effect this understates its potential to interfere with his analysis; to draw the conclusions he /she does would in fact require a proper age breakdown of deaths month-by-month. However, if the analysis might lead to a misinterpretation of vaccine effectiveness because of the age bias then it is up to those with access to the data by age to refute the analysis.
The main take-away from the episode around this FOI is not that the vaccines are or are not efficacious (vs death), but rather that there has been a systematic miscategorization error which (1) seems likely to have been deliberate and (2) resulted in an extremely misleading picture of what the data suggests.
Such incidents – which now appear all too common in many countries – are likely to shatter the public’s trust in the institutions upon which we are supposed to rely.
Sweden’s “Psychological Defence Agency” issues warning about memes that “spread misleading information”
Hurtful meme requiring censorship for public safety
By Tom Parker | Reclaim The Net | May 26, 2022
Sweden’s “Psychological Defence Agency,” which is dedicated to preventing and countering “malign information” and “disinformation,” has taken aim at “misleading” memes in its new “Do Not Be Fooled” campaign.
On a page titled “Laughter that can hurt,” the agency warns that:
“Humor, parody and satire are usually harmless forms of entertainment that can sometimes be used to spread misleading information and ridicule or criticize people or opinions – for example in the form of memes.”
Not only is the Psychological Defence Agency warning Swedish citizens to be on the lookout for misleading memes but it also urges them to be wary of the persuasive power of memes.
“Memes can be used to shift focus from a particular issue, take over and change the direction of a debate, or to support a hidden agenda,” the agency states.
Another point of contention raised by the Swedish Psychological Agency in this campaign is the way memes spread. Apparently, popular memes don’t usually go viral because they’re funny and get lots of shares. Instead, the Laughter that can hurt page claims that they have “often gone viral through bots.”
Nemo Stjernström, the project manager for the campaign, told the Swedish magazine Resume that memes were included in this Do Not Be Fooled campaign because “misinformation and foreign influence can be clothed in the most innocent packaging.”
The communications manager at the Psychological Defence Agency, Mikael Östlund, tied the campaign to this year’s Swedish general election by noting that “it is becoming increasingly important to increase one’s own resilience [to information influence], not least in an election year like this.”
Sweden’s Psychological Defence Agency was launched in January. Its efforts include training thousands of public officials on how to respond to false information and working with social media companies to reduce its spread. When it launched, the head of the agency, Henrik Landerholm, insisted that it’s “not the Ministry of Truth or a State Information Board like we had during the Cold War.”
Outside of Sweden, mainstream media outlets, politicians, and activists have all taken aim at memes by suggesting that they need to be debunked, censored, or even banned. Big Tech platforms are also “fact-checking” and censoring memes.
15,000 NATO troops from 14 nations, including the US, Sweden, Finland and Ukraine, start drills near Russia
Samizdat | May 16, 2022
Large-scale NATO military drills started in Estonia on Monday. The exercise dubbed ‘Hedgehog 2022’ is one of the largest in the Baltic nation’s history, according to the military bloc. The drills will involve some 15,000 troops from 14 nations, including both military bloc members and their partners.
Soldiers from Finland, Sweden, Georgia and Ukraine are among those that will take part in the exercise, Finnish public broadcaster Yle reported. The drills will include all branches of the armed forces and will involve air, sea and land exercises, as well as cyber warfare training, according to the broadcaster.
According to a NATO statement, the drills will also see the US Navy Wasp-class landing ship ‘Kearsarge’ take part in the exercises. Both the military bloc and Estonian Defense Forces deputy commander, Major General Veiko-Vello Palm, have denied that the drills just over 60km from the Russian border have anything to do with Moscow’s ongoing military action in Ukraine.
The drills started just a day after Finland and Sweden officially announced their plans to join NATO, and were planned long before the conflict in Ukraine broke out, Western officials have said.
The exercises in Estonia are, however, just one part of NATO’s large-scale military activities near the Russian border. Another Baltic state, Lithuania, is hosting the ‘Iron Wolf’ exercise, which involves 3,000 NATO troops and 1,000 pieces of military equipment, including Germany’s Leopard 2 tanks.
Two of NATO’s biggest exercises – ‘Defender Europe’ and ‘Swift Response’ – are taking place in Poland and eight other countries, involving 18,000 troops from 20 nations, according to NATO’s statement on Friday.
“Exercises like these show that NATO stands strong and ready to protect our nations and defend against any threat,” the military bloc’s spokesperson, Oana Lungescu, said, adding that the drills “help to remove any room for miscalculation or misunderstanding about our resolve to protect and defend every inch of allied territory.”
The NATO Response Force is currently taking part in the 7,500-strong ‘Wettiner Heide’ drills in Germany. The Mediterranean Sea is about to witness ‘Neptune series’ naval drills involving the USS ‘Harry S. Truman’ carrier strike group that will be placed under NATO command. This will only be the second time since the end of the Cold War that a US carrier group has been transferred under the military bloc’s command, NATO has said.
In June, the Baltic States and Poland will host what NATO describes as “Europe’s largest integrated air and missile defense exercise,” which would involve 23 nations.
In late April, Finland hosted NATO naval drills. Now, it is also hosting a joint land exercise, in which troops from the US, the UK, Estonia and Latvia are participating.
The massive military wargames are taking place amid heightened tensions between Russia, NATO and some of the military bloc’s partners. Finland, which shares a long border with Russia, and Sweden decided to reconsider their long-standing policy of non-alignment following a major change in public opinion after the launch of Russia’s attack on Ukraine.
The development sparked a wave of criticism from Moscow, which warned that it would have to respond if Finland and Sweden join NATO. Moscow also maintains that it considers NATO’s expansion as a direct threat to its own security.
‘Finns & Swedes won’t benefit from NATO’
Samizdat | May 16, 2022
NATO membership won’t make Finland and Sweden more secure, but would likely see them fighting somebody else’s wars and hosting American bases, Dr. Jan Oberg, director of the Transnational Foundation for Peace and Future Research, has told RT.
“It’s a disastrous decision,” Oberg said on Sunday, following an official declaration by the Finnish government that it is planning to join the US-led military bloc. Hours later, a similar announcement was made by the ruling party in Sweden. The two Nordic nations stayed out of NATO during the Cold War, but their governments said Russia’s military operation in Ukraine has become a game-changer.
Finland and Sweden have failed to carry out “long-term consequence analysis,” he added. “Nobody seems to ask whether NATO is the right thing to join. After all these years since 1945, NATO has proven that it’s not able to deliver what taxpayers are paying for, namely stability, peace and security… and then Finland and Sweden say: ‘We’ll join this failed organization,’” he remarked.
“We have to ask ourselves: ‘Who caused the conflict [between Moscow and Kiev]?’ Everybody talks about the Russian invasion, which I deplore too, but underlying that is the conflict, which has to do with the NATO expansion,” the peace researcher said.
Making sure Ukraine becomes a neutral country that will never join NATO has been cited by Moscow as one of the main reasons for its ongoing military operation.
Oberg said he understood Russia’s concerns about the expansion of the bloc towards its borders. “If I was sitting in Moscow, I would feel that this was threatening,” he observed, referring to Finland and Sweden’s possible membership. “When you move troops up to the very border on both sides you increase tension; you decrease reaction time; you do all the things you shouldn’t do strategically if peace was your goal. Peace is not the goal of these people.”
The military-industrial complex – “those who sell weapons and profit from wars” – will gain from NATO adding two new members, he said. “The Swedish people and the Finnish people will not benefit from this. It’ll be completely new for them that they are now supposed to participate… in somebody else’s wars.”
With the US pushing for bases in Denmark and Norway, “are we to believe that there will not be American bases or American troops or something, you know, more permanent in Sweden and Finland?” he wondered.
NATO membership would also be “opening these countries for potential nuclearism that should never have been done in this particular area,” the peace researcher added.
Oberg said it was “appalling” that the governments in Helsinki and Stockholm didn’t put the issue to a referendum. “This is unheard of with such an important decision as joining NATO.”
While opinion polls have shown an overwhelming support for NATO membership in Finland, in Sweden the idea was backed by less than 50% of the public, he noted. “I’m amazed that there’s so little public discussion, so little uproar in terms of huge demonstrations in large cities in Sweden,” the scholar said.
He blamed the media, of which “80% to 90% is pro-NATO,” for this situation. “It’s very difficult to get into the media today with an alternative view… There’s no democracy and free media practice in this,” Oberg insisted.
Jan Oberg is a Danish-Swedish peace researcher, who received his doctorate from Lund University in Sweden. He taught courses in several countries, including Japan, Austria and Switzerland.
In 1986, the scholar co-founded the Transnational Foundation for Peace and Futures Research (TFF), an independent think tank aimed at promoting conflict-mitigation and achieving peace through peaceful means around the globe. He assisted on-the-ground work in ex-Yugoslavia, Georgia, Burundi, Iraq, Iran and Syria. In 2013, Oberg and TTF were nominated for the Nobel Peace Prize for their activities.
Will Sweden and Finland feel safer after joining NATO?
By Drago Bosnic | April 20, 2022
NATO expansion has been the main culprit behind all instability in Europe for the last 30+ years. Of course, NATO’s aggression against many countries, either as an organization, or separately, by each of its member states resulted in the deaths of millions, with orders of magnitude more of those whose lives may not have been physically lost, but they certainly have been ruined by the Alliance’s actions. The absolute havoc and the trail of death and destruction left in the wake of NATO invasions across the Middle East, always euphemistically dubbed “humanitarian interventions“, stand as a grisly testament to that.
The expansion of this supposedly “defensive alliance” which has not conducted a single truly defensive operation in well over 70 years of its existence, has first destroyed the relatively prosperous Yugoslavia, which was subjected to nearly a decade-long siege throughout the 1990s. During the 2000s, Russia’s attempts to create an atmosphere of trust and cooperation with the North Atlantic Alliance have been futile. No matter what Russia did, the alliance kept creeping closer to its borders. By the early 2010s, it was clear that NATO had no intention of stopping. The conflict in Ukraine is NATO’s latest brainchild, although there has hardly been any actual thinking behind it. It has been more like bulldozing its way towards Russia.
The last 8 years have shown where all this leads to, with the last nearly 2 months reaching a boiling point between the Russian Federation and the ever increasingly belligerent alliance. A recent announcement by both Sweden and Finland that they feel supposedly “threatened” and that they are very likely to enter NATO seems rather strange, especially given that they did not officially join NATO during the Cold War, when the USSR had undisputed control over the Baltic region.
An obvious question arises, why would Sweden and Finland feel threatened now, when the strategic situation has all but reversed, with Russia’s presence in the Baltics limited to relatively tiny areas around Saint Petersburg and Kaliningrad? It’s quite obvious that this can only be seen as another encroachment on Russia’s borders, another part of NATO’s larger geopolitical offensive. Still, although it may seem that NATO’s further expansion into Scandinavia is going to jeopardize Russia’s northwestern areas, Russia doesn’t seem particularly fazed by this prospect. While certainly not happy with this turn of events, Russia’s decision makers and strategic planners aren’t exactly pulling their hair out and running in circles over this.
First, it should be understood that both Sweden and Finland are neutral countries in name only. During the Cold War, both Scandinavian countries served as a hotbed of NATO intelligence activities, with the CIA and MI6 operating extensively in both countries. Soviet and later Russian intelligence were well aware of this.
During the 1990s, this became even more prominent, when both countries entered the EU, but also increased their official cooperation and interoperability with NATO. Naturally, over the years, this cooperation grew to unprecedented levels and the Russian military acted accordingly. The strategic military command structures in the Kremlin have treated both countries as de facto NATO member states for decades.
This is especially true for Finland, particularly after it announced it will be acquiring at least 65 F-35A fighter jets from the US military industrial giant Lockheed Martin. This jet, despite hundreds if not thousands of critical flaws and other shortcomings, is a serious ISR (intelligence, surveillance and reconnaissance) asset. The jet is bristling with sensors, all of which are connected to a massive network-centric warfare system, the center of which is located in the Pentagon. By operating this jet, Finland is effectively giving up on the sovereignty over its own air force and ceding it to the United States.
The Russian military is perfectly aware of this and has already made plans to react accordingly. Earlier, Finland’s official neutrality from a military standpoint complicated this. But now, rather ironically, the Scandinavian country might even make things easier for Russia’s strategic military planning by joining the ever expanding “defensive” alliance.
However, does this change anything for Finland and Sweden? Will NATO really make both countries safer? The short answer is simply no. By joining the North Atlantic Alliance, countries effectively cede much of their sovereignty to the US. Given the US’ strategic obsession with encircling Russia, the Kremlin feels strongly about this matter and it simply doesn’t take any chances.
Thus, the only “benefit” Sweden and Finland get is becoming meat shields for the US in the case of a nuclear exchange, because Russia is simply going to dedicate a portion of its thermonuclear arsenal to these countries. And if Russia doesn’t have a shortage of something, it’s nuclear weapons. Given the US’ and NATO’s track record, who is to blame then?
Le Pen promises to pull France out of NATO
By Uriel Araujo | April 15, 2022
NATO now has become one of the most important issue in Europe, with the new developments in Sweden and Finland, and electoral impacts in France. French Presidential candidate Marine Le Pen (who heads for the second round to be held on April 24) has vowed to pull France out of NATO’s military command. It would not be unprecedented, as the country did it in 1966. Le Pen claims the alliance structure “perpetuates the anachronistic and aggressive logic of the Cold War bloc”.
France was one of the Alliance’s founding members in 1949 and even hosted it for 15 years. This was a major event in French history. To help French ordinary citizens to accept the presence of foreign troops on their territory in times of peace, films like À votre service were shown in movie theaters, as part of a NATO PR campaign, so to speak. France’s relationship with the Anglo-Saxon structure (which is hegemonic within NATO), and with the alliance itself has always been complex, and Le Pen’s promise should be understood in this context and not necessarily as mere “extremism”.
In doing so, if elected, Le Pen would be in fact following the steps of general Charles de Gaulle (who ruled the country 1940-46 and 1958-1969). The conservative French leader wanted a truly independent nuclear France who would engage with Washington on more equal terms, becoming perhaps a kind of third force in the then Cold War’s bipolar world and even possibly reaching a détent with the USSR. The British-American “special relationship” was seen by him as detrimental to Europe.
Moreover, the US veto power regarding nuclear weapons also prevented Paris from pursuing its own atomic goals. Unable to place France in the tripartite directorate he proposed in his 1958 memorandum to US President Dwight Eisenhower and UK Prime Minister Harold Macmillan, de Gaulle refused to sign the 1963 agreement against nuclear testing – and, by 1969, France was already a fully fledged nuclear power. He also vetoed British entry into the European Union in the same year and, in 1964, told West Germany it should cease to follow a policy subordinated to Washington and adopt one for European independence (albeit not hostility). Of course, no NATO country followed his lead.
Isolated, France went on to withdraw from the Alliance’s so-called integrated military structure in 1966 (although not completely leaving the Treaty) and expelled all of its headquarters and units on French territory. It was President Nicolas Sarkozy who finally ended Paris “estrangement” from the organization in 2009 – so it took 43 years for Paris to change its course.
Even though Paris still hosted some NATO meetings and civilian structures, the spirit of Gaullism still shaped to some degree French strategic thinking during the Cold War, and the NATO-France relationship alternated between phases of rapprochement and tension. It was President Miterrand who started to bring France back into the Alliance’s integrated military command. And even so, it has been a kind of “flexible membership” (as it is often described).
Charles de Gaulle was one of the most important political leaders of the 20th century and even so, France remained relatively isolated in the European continent pertaining to its stance on NATO during the time of his leadership. He also faced several challenges, as the European countries acted in concert to try to neutralize many of his efforts. One cannot really tell whether Le Pen would be up to such a task, and estranging from NATO in any case is obviously not so simple, but the current situation on the other hand is also full of contradictions from a French and European perspective.
Meanwhile, on April 13 both Finland and Sweden took a major step towards joining NATO. In their joint press conference, the Prime Ministers Sanna Marin (Finland) and Magdalena Andersson (Sweden) both claimed that the security landscape in the continent has changed. Marin stated that Finland which shares a border with Russia will decide within weeks whether to join the Alliance. While a tight majority in Sweden now are in favor of joining the Atlantic Alliance, according to a recent poll, about 70% of Finnish people back it and this figure has more than doubled since the current Russian-Ukrainian war started.
Currently, both Nordic countries are NATO partners, since they abandoned their previous neutral stance by joining the European Union in 1995 and thus take part in military exercises and intelligence exchange, but they are not full-fledged members. Both countries were publicly assured by NATO secretary general Jens Stoltenberg that their applications would indeed be welcome, and they also received public support from Germany, France, and the UK. Joining or leaving the Alliance is not so simple – an application to join it must be accepted by all 30 member states, and this should take a minimum of four months and probably at least a whole year to be processed. In any case, it will be seen by Moscow as yet another provocation, amid a situation of escalating tensions.
Experts such as University of Chicago political scientist John Mearsheimer have been warning since 2014 that the ongoing Ukrainian war was mainly the West’s fault and Mearsheimer maintains it remains the West’s fault to this day. NATO’s constant expansion breaking the 1990 promises that were made during the fall of the Soviet Union as well as Washington’s policy of “encircling” and “containing” Moscow have cornered it to its limits. As Russian President Vladimir Putin said in December 2021: “What would Americans do if we went to the border between Canada and the U.S. or to the border with Mexico and deploy our missiles there?” Mearsheimer also warns that should tensions escalate, there is a real risk of a nuclear war.
Today the world faces the risks of a global food crisis and hunger, as well as on-going international energy crises, and a migration crisis in Europe. It is up for responsible Western leaders to open communication and dialogue channels with the Kremlin. Further provoking Moscow at this point is simply irresponsible and not in Europe’s best interests. France could thus play a key role in the continent. The EU in fact now faces the hard choice between being a self-dependent Europe or an Atlantic Europe.
Uriel Araujo is a researcher with a focus on international and ethnic conflicts.
Sweden Saw Second Smallest Increase in National Debt Out of All EU Countries
By Noah Carl | The Daily Sceptic | April 13, 2022
In 2020, the first year of the pandemic, almost every country in the world had a major recession. As this map from the IMF shows, most countries in Europe saw GDP decline by more than 3%, the only exception being Ireland (which in any case has an unusual way of counting GDP).
Despite this, unemployment in the EU only increased by a modest 1.2 percentage points, rising from 6.6% to 7.8% by the third quarter of 2020. One reason why unemployment didn’t rise more during months of lockdown is that governments spent unprecedented sums of money on furlough and other wage-support schemes.
In other words, they paid people to sit at home all day. For example, The U.K.’s Coronavirus Job Retention Scheme paid furloughed workers 80% of their previous salary, up to a cap of £2,500 a week.
While such wage-support schemes had the benefit of preventing large rises in unemployment, they had the cost of being extremely expensive. Data published by the ONS in January of this year show just how expensive.
The chart below shows change in general government gross debt (as a percentage of GDP) in percentage points from the fourth quarter of 2019 to the third quarter of 2021:
Many countries saw absolutely huge increases in debt. Over just seven quarters, Spain’s debt grew by 26 percentage points, Italy’s by 21 percentage points, and Greece’s by 20 percentage points. The UK wasn’t far behind, logging an increase of 18.7 percentage points.
At the other end of the spectrum, Ireland’s debt grew by less than one percentage point, while Sweden’s grew by only 1.2 percentage points. Of course, Sweden’s strong performance comes as no surprise, given it was the only major European country that didn’t lock down in the spring.
As I noted previously, The Economist ranked Sweden third in a league table of 23 rich countries for overall economic performance during the pandemic. And we know this didn’t come at the cost of Swedish lives – the country actually saw negative excess mortality between January of 2020 and June of 2021.
To compare European countries in a comprehensive way, I plotted change in general government gross debt against age-adjusted excess mortality. (Data were not available for Germany, Ireland, Norway and Switzerland.)
Taking into account both metrics, Sweden was one of the best overall performers in Europe, along with Luxembourg, Denmark and Finland. And it was by far the best performer among countries with a population over 10 million.
By contrast, Eastern European countries and large Western European countries – almost all of which had strict lockdowns – did poorly on both metrics. So lockdown was harmful to the public finances, with little corresponding benefit in terms of reduced mortality.