I never said that.
Nonetheless that's what's happening. Thousands of business' will be destroyed, hundreds of thousands of people will lose their homes and millions more will become infected.
The solution is a well-funded lockdown that leaves no one behind. Now that said I did suggest we put South Korea in charge back in March but I was told that was insane too so, I'm used to it. I'm not so stupid to imagine we're capable of doing the appropriate thing but it still needs to be said it's simply our imagination that's either preventing or motivating our actions.
As for the collateralization and monetization of our imagination with regards to assets we can actually see and go out and touch why is that any more insane than living in the abject horror and fear that we might turn future generations into paupers by borrowing more money today? What about the possibility the diseased economic wasteland we're leaving behind won't result in an interregnum that sets our species back thousands of years? Not worth worrying about? As I've said before, is the sort of economic carnage people are talking about as bad as anything they imagined climate change action would have caused or would that still be worse?
You want to know what's even more insane? Trying to rationalize the fears of an anti national-debt cult that just as cheerfully ignores our economy's liquidation of the planet's assets that our great-grandkids will require to pay their bills with, never mind our's.