Like any panic, we have a major disconnect between the facts and the perception.
Facts are, this is a serious disease and we should start taking precautions. They may seem a bit extreme at this point, but we do not have a good handle on what we are dealing with. Err a bit on the side of caution. 99.99% of the public would be much better off by simply WASHING THEIR F'ING HANDS than hoarding toilet paper or any other commodity.
These steps are not being taken to protect healthy young people from the disease. They (myself included) will get it, probably think its a cold or allergies, and will move on. However, the precautions are in place so that I don't pass this to my grandmother, or my immuno-compromised brother, or the person who is mid-way through a chemo treatment, of the little child with an underlying congenital disease.
I keep hearing "I will be pissed if we cancelled everything and no one even gets sick." This may be the stupidest view I have seen, as THAT IS THE ENTIRE POINT.
Bottom line, people need to stop panicking. This isn't Ebola or some sort of air transferred AIDS. Instead of buying our local store out of toilet paper, maybe reschedule that birthday party. Maybe postpone that business trip. Stay home from work if you feel ill. Lets be prudent and take some precautions to protect the most vulnerable in our population. It could be your mother, grandmother, sister, or neighbor that may be helped.