George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Monday, March 30, 2020

Coronavirus March 30, 2020

According to worldometer (https://bit.ly/3bDD6rk), the latest US death toll from the Coronavirus is 2,938, an increase of 538 from the 2,400 I reported yesterday. As a percentage, it’s a 22% increase. Relative to US population, it’s now 9.7 per million up from 8 per million.

At a compound daily rate of increase of 22%, the cumulative total of deaths would reach 71,000 by April 15 and 1.4 million by April 30. Thus, an essential element to watch for is a change (hopefully, a sharp decline) in the daily rate of increase.

The worldometer website is updated throughout the day and thus the updates can affect the percentage change. The update used above was as of 1 PM Pacific Daylight Time (GMT-7).

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