Not so long ago we might have been seeing public-service announcements like this: For the duration of the pandemic, please use the internet and your cell phone for essential purposes only. It is imperative that we keep the bandwidth open for emergency use. Thank you...
Economics
Warren Harding and the Forgotten Depression of 1920
It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from an historical episode, the political class will draw all the wrong ones — and often deliberately so. Far...
Coronavirus Being Used to Scare You Away From Using Cash
Cash has been the target of the banking and financial elites for years. Now, the coronavirus pandemic is being used to frighten the masses into accepting a cashless society. That would mean the death of what’s left of our free society. CBS News, CNN, and other...
The Crisis Has Exposed the Damage Done By Government Regulations
As we watch in real-time how governments respond to the novel coronavirus pandemic, some of the most predictable forms of state overreach—from restrictions on the freedom of assembly to the suppression of regular commerce—have been rolled out. Thankfully, there is no...
How Uncle Sam Will Spend $2.3 Trillion on Coronavirus Relief
Before the coronavirus pandemic and the response to it triggered an economic meltdown, the U.S. federal government was planning to spend nearly $4.8 trillion in its 2020 fiscal year. Last week, President Trump signed a $2.3 trillion relief package aimed at mitigating...
Will Coronavirus End the Fed?
September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed...
Flunk the State!
Knowledgeable people (Bill Gates among them) had warned for years that governments were ill-prepared for serious pandemics. The US government was not just ill-prepared; it also maintained regulatory obstacles -- in the name of public health -- to others who were...
Stimulus Bill Lets Fed Operate in Complete Secrecy
I guess we’re just supposed to have faith that Jerome Powell will do the right thing. I don’t know about you, but I don’t have that kind of faith in anybody when it comes to passing out billions of dollars in cash or creating government policy. -Mike Maharrey, TAC...
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