When it comes to pandemics, we can see what appears to be light at the end of the tunnel with respect to Covid-19. But owing to Washington’s hysterical efforts to spend it into submission, what we also see in the tunnel is a runaway budgetary train heading hard upon the wall of national fiscal solvency.
As to the virus, the number of new cases is a function of the number of new tests, and the rate of gain per day of the latter is apparently plateauing.
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