The price of a barrel of oil briefly fell below zero dollars this week, demonstrating clearly what happens when there is no longer demand for a product or commodity, as tens of millions of Americans are leaving cars in their driveways and airlines are largely grounded. All around the world, it’s much the same situation as the global economy has collapsed in the wake of the Chinese coronavirus pandemic.
Read MoreCommentary: Deflation Is Here, and It Is a Real Threat to Any Economic Recovery from the Virus
