T’was No Social Distancing at Woodstock
The novel virus swamped hospitals, violent protests raged in the streets, a Presidential election year, sound familiar? And yet, the year was 1968. The flu did, in fact, come from China. But was known then as the Hong Kong flu brought to the U.S. by soldiers returning from the VIetnam War. The pandemic raged over three years until a vaccine was developed, yet is largely forgotten today. Jim Rickards digs in on what is different about the response to COVID-19 in 2020 and what is likely to be the economic consequence for a generation to come.