News of the Day: The Federal Reserve is taking a page out of the People’s Bank of China (PBoC) and quarantining cash over coronavirus fears.
The U.S. central bank announced that it is putting aside some cash it has recently received from Asia for seven to ten days as a precautionary measure.
The PBoC recently did something similar, holding currency, disinfecting yuan, and destroying older bills.
Chart of the Day: The obvious concern for many people who monitored Covid-19 from the beginning was that it would spread throughout the world. It was only a matter of time before it swarmed the United States. But the real interesting development is how much it has exploded in Italy, South Korea, and Iran. Soon Africa could be hit. Here is a chart:
Illustration of the Day: Did you hear? President Donald Trump cured the coronavirus. The left is already starting nationwide demonstrations.
Quote of the Day: What would Murray Rothbard say to the coronavirus panic? The great Lew Rockwell writes:
“Why has a panic developed over this disease? Here we can again learn from Murray. He taught us to follow the money, and in this case, drug manufacturers and developers of vaccines stand to profit if they can frighten enough people. We all remember the “swine flu” panic of several years ago. Doctors developed a vaccine to prevent people from getting the alleged disease, and this vaccine killed many people. When Gerald Ford was president, there was also a “swine flu” panic, and you can watch Murray laughing at the panic here. If he were with us today, he would be laughing at the fearmongers, warning us about the dangers of vaccines, drugs, and quarantines, and reminding us that the main danger we face is the tyrannical and predatory state.”
In case you thought our media overlords were smart pic.twitter.com/H0xRi5d9ig
— Geoffrey Ingersoll (@GPIngersoll) March 6, 2020
Video of the Day: In memory of Senator Elizabeth Warren (D-MA – and, remember, if you didn’t support Warren, you are a sexist!
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