The weather. Tomorrow, expect a biting cold front. Mmm, how naughty. I wonder what I'll be

wearing or taking off. The night will be wild and untamed. Expect heavy, lashing rain

that'll soak you to the skin. By Monday, temperatures will rise slowly but surely reaching

their peak in the afternoon.

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I'm John Bachelor. This is the new John Bachelor show on CBS Audio Network, and I welcome my colleague and long informant of the economy, John Tamney, the editor of Real Clear

Markets in addition to other distinguished publications.

However, it is the author, John Tamney, I welcome, with his new book,

When Politicians Panicked, the new coronavirus, Expert Opinion, and a tragic lapse of reason.

Mr. Tamney, congratulations.

I take you immediately to the day itself for New York City, where I live and work.

This is March 20, 2020, the announcement from the governor of New York, Mr. Cuomo. He says that he is

closing down New York. When I talk about the most drastic action we can take, this is the most

drastic action we can take. We're going to take it to the ultimate step, which is we're

going to close the valve. The governor is thinking of the economy as a valve that opens and shuts.

He then orders a mandated shelter in place. He then orders a mandated closure for any

business, not in compliance with the governor's orders to shut down, to lock down. He adds,

your actions can affect my health. That's where we are, he stated, said the governor. The question at that point was, how long?

That question wasn't answered that day. There was the impression it was not a lengthy shut down.

It was, however, a severe contraction immediately. Mr. Tamney, March 20, 2020 for New York City. I report that New York City is

...