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...
I want to discuss the above graphic since it, or some version of it, has been promulgating the 24/7 media coverage and the internet. I realize the point of “flattening the curve” is to decrease the number of people who get COVID-19. That seems reasonable on face...
You’d think people would be used to it by now. Every couple of years the world is thrust into hysteria by the latest virus that is threatening to wipe out a significant portion of the population. Whether it’s SARS, Dengue, Ebola, Swine Flu or the Coronavirus, fear...
A common retort to the claim that in voluntary exchange both parties expect to become better off (or they wouldn’t do it) is that exchanges are seldom, if ever, a matter of horizontal, equal exchange of values. Instead, any such interaction between people is...
US News The House passes bills to block all funding for war with Iran and repealing the 2002 AUMF. A few Republicans joined House Democrats in passing the bills. [Link] Congress plans to open an investigation into the deaths of six Marines during a training exercise...
US News The House will vote on two bills today that attempt to restrict the president from starting a war with Iran. One bill says the president must get authorization from Congress before starting a war with Iran and the other bill repeals the 2002 AUMF. [Link] A...
US News A police officer killed a man while trying to enforce a ‘Red Flag’ law. [Link] The House may pass two bills in the coming week that assert Congress has not approved Trump to go to war with Iran. Trump is threatening to veto the bill. [Link] Poland will sign a...
Former Labor Secretary Robert Reich’s latest video presentation attempts to explain to millennials why they are so broke. Disappointingly, millennials will be left wanting, as Reich never delves deeper than surface-level observations and conceals some inconvenient...
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