Spain is currently the second hardest hit country in Europe, next to Italy. As of writing, Spain has 18,077 confirmed cases, including 833 deaths and 1,107 recoveries.
- (Mar 19, 2020) Italian Doctor Says Coronavirus Nothing like the Flu, More like ‘Very Severe Pneumonia’
- Quote, Dr. Carroll Quigley, 1966: “The redistribution of wealth by changing prices is equally important but attracts much less attention. Rising prices benefit debtors and injure creditors, while falling prices do the opposite. A debtor called upon to pay a debt at a time when prices are higher than when he contracted the debt must yield up less goods and services than he obtained at the earlier date, on a lower price level when he borrowed the money. A creditor, such as a bank, which has lent money—equivalent to a certain quantity of goods and services—on one price level, gets back the same amount of money—but a smaller quantity of goods and services—when repayment comes at a higher price level, because the money repaid is then less valuable.