The economic fallout of the government’s shutdown in response to the coronavirus pandemic has been unprecedented. Nearly ten million people have filed for unemployment benefits in just two weeks. The 6.6 million claims from the last week of March doubled the previous...
Events
Crisis Exposes Devastating Consequences of Fed Policy: Americans Have No Savings
by Jp Cortez | Apr 8, 2020 | Economics, Events, Featured Articles
Two weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. And last week, on March 27,...
Airline Bailouts Destabilize the Economy and Inflate Asset Prices
by William Anderson | Apr 7, 2020 | Economics, Events, Featured Articles
In the end, after all of the political posturing and all of the speeches and exhortations for Congress to “do something,” a $2 trillion “coronavirus stimulus” bill landed on the president’s desk for The Donald to sign. And sign he did, uttering all of the platitudes...
Judicial Engagement & National Emergencies
by Adam Shelton | Apr 7, 2020 | Events, Featured Articles, Justice
A Curious Quote & A Historical Lesson “We repeat what was stated in Block v. Hirsh, as to the respect due to a declaration of this kind [an emergency] by the Legislature so far as it relates to present facts. But even as to them a Court is not at liberty to shut...
How Z-pak Could Slay COVID-19
by David Gornoski | Apr 6, 2020 | Events, Featured Articles
Z-Pak, also known as azithromycin or Zithromax, could be a critical tool in preventing and treating COVID-19 coronavirus, according to Professor Michael P. Lisanti, MD-PhD and Chair of Translational Medicine at Salford University in the UK. I recently spoke with...
Less Driving Amid Outbreak is Hurting Red Light Camera Revenue — Which is Great
by Matt Agorist | Apr 6, 2020 | Events, Featured Articles, Justice
Since states began locking down in mid-March, unemployment has skyrocketed, businesses have shuttered their doors, and these uncertain times have grown more worrisome by the day. There is one industry that is hurting, however, that shouldn’t bother many of us and that...
Warren Harding and the Forgotten Depression of 1920
by Tom Woods | Apr 6, 2020 | Economics, Events, Featured Articles
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...
Why Demographics is not Destiny
by Logan Chipkin | Apr 6, 2020 | Events, Featured Articles
“Demographics is destiny” is a phrase uttered in some rightwing circles and quietly believed in some leftwing ones. In political terms, the phrase suggests either cultural or genetic determinism, or both—namely, that people of a particular culture, ethnicity, or race...