It's pretty likely that a large amount of the response to Covid is a positive feedback loop of hysteria. (I've been calling it a Social Pandemic.) Social Media is the substrate on which this occurs.

There's a precedent for dampening these destructive feedback loops--the stock market. For instance, they shut it down when it moves too quickly (the "circuit breaker" rules). And they shut down specific parts when new information will make trading too volatile.

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