RUTHFULLY YOURS

https://www.thegatewaypundit.com/2020/03/who-needs-to-be-held-responsible-us-coronavirus-numbers-including-asymtomatic-patients-shows-mortality-rate-0-2-to-0-8-and-not-3-4-as-reported-by-who/ The controversial Ethiopian politician and Director General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, claimed in a press conference in early March that the fatality rate for the coronavirus was many multiples that of the fatality rate of the common flu.  This egregiously false premise has led to the greatest economic panic in world history.

Questions about the Coronavirus More data is critical in understanding the virus in general and in particular its transmission in particular countries. Anyone who looks at rates of morality and lethality of influenza and related pneumonia, especially in the elderly and infirm, can be shocked at the wide variances between particular countries.     Reliable […]

https://asiatimes.com/author/david-p-goldman/

Investors had no place to hide as stock and bond markets tanked simultaneously for the first time since the 1980s, when markets offered no hedges against collapsing values. In 2008, bond prices rose sharply as stock markets crashed. Now bonds offer no refuge against collapsing stock prices. The difference is that total US public debt outstanding has risen from about $9 trillion at the beginning of 2008 to $23.5 trillion today. 

With equities down nearly 6% in Europe and US markets poised to open with similar losses, European bond yields soared and US bond yields rose, as governments prepared trillions of dollars of new debt financing to support economic stimulus and market bailout programs. Between March 9 and this morning, so-called real yields, that is, the yield on inflation-protected US government securities, had risen from a trough of negative 1% to positive 0.4%, the fastest yield spike in market history.

https://www.statnews.com/2020/03/17/a-fiasco-in-the-making-as-the-coronavirus-pandemic-takes-hold-we-are-making-decisions-without-reliable-data/ John P.A. Ioannidis is professor of medicine, of epidemiology and population health, of biomedical data science, and of statistics at Stanford University and co-director of Stanford’s Meta-Research Innovation Center. A nurse holds swabs and a test tube to test people for Covid-19 at a drive-through station set up in the parking lot of the […]

https://www.frontpagemag.com/fpm/2020/03/sorry-history-socialism-bruce-hendry/

Below is Part 8 of a new essay written by Bruce Hendry: Democrats, Progressives and Socialists. Stay tuned for the ensuing chapters. [See links to previous chapters below this article].

19. Economic Fundamentals.

One of the dangers to our democracy is the total lack of understanding of basic economics. Most K-12 teachers can’t teach economics because they don’t know it. Yet every organization from a children’s lemonade stand to the largest company, and of course to a country, is subject to immutable and unseen laws of economics. How can you possibly understand the implications of your political decisions if you don’t have any understanding of their economic impact?

Economics is simply the quantification of human behaviors and decisions. Economic conservatives believe in making decisions based upon facts, logic and the idea of a free market system. Democrats believe in making decisions based upon wishful thinking, emotions and socialism. Both groups say that they are for equality for all citizens and are against discrimination in their societies, but they have different views of what is meant by “equality.” The free market conservative group thinks that everybody should have an equal opportunity to succeed, while the socialist Democratic group believes in equal outcomes, enforced by the power of the government.

Understanding beginning economic theory is foundational to understanding what actually works in a society. This understanding is necessary in order to dispel the wishful thinking, denial, and community-held mythologies that result in electing officials that codify things that don’t work or are actually hurtful to those that the laws are supposed to help.