The gold standard was completely replaced byfiat money, a term to describe currency that is used because of a government's order, or fiat, that the currency must be accepted as a means of payment. In the U.S., for instance, the dollar is fiat money, and in Nigeria, the naira is. ...
The World Health Organization, which has not covered itself in glory in handling this pandemic, originally estimated a case fatality rate of 2% and then revised it to 3.4%. But it had originally estimated that the SARS case fatality rate was 2%, and it came out at 10%. Fig. 1. Mean c...