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I'm a little confused. The worst case scenario for Pandemrix is a tiny chance of developing narcolepsy. Literally a few tens of people for a country. Is that wrong?

It seems that would be a very acceptable risk compared to 1% of people dying and 5 years of lockdown...

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The lockdown is not a consequence of COVID. The fact that (especially) young people were affected means you need to compare the lethality of these younger groups and that one is below 0.1% (under the age of 60 in Sweden).

Is it still worth the risk then for these groups?

Objectively YES. A 0.1% chance of dying is much worse than a 0.0001% chance of narcolepsy.

And that's without adding "Long Covid" damage or the lockdown or anything else.

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