From Reuters Now they are increasing spending, but what happens when tax revenues fall off the cliff because people aren't working? A debt jubilee, inflate the debt away, debt restructuring, or deficits don't matter MMT - what will they do? The latest surge in...
debt
The U.S. Fed Just Became The World’s Banker
From Marketwatch "The Federal Reserve on Tuesday said it was establishing a temporary repo facility for foreign central banks that will help make U.S. dollars available in their jurisdictions. In the new facility, the central banks will be able to temporarily exchange...
The Senate’s COVID-19 Relief Bill Is a Crony Capitalist Dream
Over at Reason, Elizabeth Nolan Brown and the gang, including LP chairman Nick Sarwark and libertarian-leaning independent congressman Justin Amash, are of course opposing the government's massive bailout of their corrupt cronies: After a day of performative fussing...
The European Debt Crisis Explained
https://www.youtube.com/watch?v=I5QwKEwo4Bc&feature=youtu.be
Don’t Bailout The Share Buyback Queens
From Wolf Richter at Wolf Street. The Trump administration is considering a $850-billion stimulus package (bailout) for corporate America. This includes a bailout for the airline industry - the same airline industry that spent the past few years spending cash and...
Millennial Success Threatens Default Keynesian Fed-Heads
God forbid my generation gets ahead. Ladies & gentlemen, boys and girls, I give you Default Keynesian 101. Today’s “economists” demonize my fellow millennials’ practice of fiscal responsibility. It’s a miracle my generation can express financial-sovereignty at the...
Peter Schiff Style, Roast of Democrat Economics
Democrats argue for a high minimum wage, as they criticize Reaganomics for causing unemployment. But they have the situation backwards. The Minimum wage causes unemployment, and Reaganomics caused a financial boom that for decades created wealth that rose the middle...
Deficits Don’t Matter
Until they do. The federal budget deficit for 2019 is estimated at $984 billion, a hefty 4.7 percent of gross domestic product (GDP) and the highest since 2012, the Congressional Budget Office (CBO) said on Monday. The difference between federal spending and revenue...
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