David Stockman: I think for once, Donald Trump was right when he worried out loud the other day that the cure may be far worse than the disease.

Governors—mostly Democratic governors and mayors of major areas of the country—have imposed Lockdown Nation. It's a complete economic disaster.

It's a wrong policy from a public health point of view and an economic point of view.

It is hitting, like a ton of bricks, a highly fragile and vulnerable economy that was living hand to mouth anyway because of the kind of highly counterproductive monetary and fiscal policies and debt build-up we've had over the last 30 years.

If you look at the data for New York—which is the epicenter of the whole COVID-19 pandemic—it is abundantly clear that COVID is not some kind of latter-day Black Death plague that takes down the young, the old, the healthy, the sick, and everyone in between.