Scott talks to David Stockman about the fate of the economy after the coronavirus-induced shutdown and the multi-trillion dollar bailouts being undertaken by the U.S. government. Stockman is much more concerned about the economic ramifications than about the virus...
budget
Jon Utley, Heroic Champion of Peace and Freedom, RIP
Jon Utley, one of the most dedicated and principled pro-freedom activists in the nation, passed away yesterday. For 30 years, Jon was in the forefront of the antiwar movement since he spearheaded a group to oppose President George H.W. Bush’s war against Iraq. Jon was...
To Kill Markets Is the Worst Possible Plan
Momentous events usually leave strong memories on those who have lived through them, and those memories often become passed on to later generations in the form of historical interpretations of why and what had happened in the past. This has certainly been so in the...
Think Deficits Are Bad Now? You Ain’t Seen Nothin’ Yet
The Trump administration has been operating with a crisis-like fiscal policy for nearly four years. Now it looks like America’s hurtling toward a genuine economic crisis. What’s next? The U.S. appears to be heading for economic lockdown as the impact of the...
Hey, Jay, Enough Of Your Stinkin’ Easy Money!
It doesn’t get any more pathetic than this. The Fed cuts the absurdly low money market rate by another 50 basis points at 10AM and before noon the Donald is banging the podium for more. So if you ever needed a final warning to get out of the casino, today’s...
An Unspoken Fear of the Coronavirus
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...
News Roundup 2/25/20
US News Trump’s 2021 budget includes money to prosecute medical marijuana users in states where it is legal. [Link]Intelligence officials are sowing discord in the 2020 election by claiming Russia is backing Trump and Bernie. [Link]Three senior Democrat Senators write...
Trump’s Budget: More Warfare, Slightly Less Welfare
Listening to the howls from Democrats and the applause from Republicans, one would think President Trump’s proposed fiscal year 2021 budget is a radical assault on the welfare state. The truth is that the budget contains some minor spending cuts, most of which are not...
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