The quality of the models being used by politicians to set COVID-19 policy is only as good as the data collected. Unfortunately, the data is not very good. Meanwhile, real costs arise from the ruined economy.
The airline industry has clearly been prone to booms and busts for decades. Yet instead of planning for hard times, these corporate welfare machines called "airlines" use resources to inflate stock value and pad executive salaries.
Noneconomists struggle to realize that scarcity results in the necessity of tradeoffs. During the COVID-19 pandemic, this difference in thinking causes them to wrongly accuse economists of "prioritizing money over lives."