Inflation getting out of control which will disproportionally affect poor people in Africa, Asia etc. Whereas we might have to get less nicer car on our next trade-in, they might not be able to get enough food. Plus, if the strained economy results in even just one war, the deaths and suffering from it alone will probably be greater than the lives saved via covid response.

Inflation doesn't cause food scarcity, wars do.

Disruptions in supply chain cause food scarcity and/or rise in food prices. For one thing, if shipping costs 5-10x what it used to, it means food will be more expensive and some people may be priced out of buying it.

For children for sure. Two years of lockdowns and wearing useless masks caused psychological damage and impaired learning. Not a good trade-off