In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a...
When an economic crisis hits, everybody from the Fed chairman to the man on the street knows that the Fed must print more money and reduce interest rates and that the government must spend more money and go deeper into debt. This is seen as necessary to “fill the gap”...
Welcome to your future. Your government is spending it right now. And your children’s and grandchildren’s future to boot. The U.S. Treasury projected that it would borrow $2.99 trillion in the second quarter fo this year. The Trump administration also plans to borrow...
Scott talks to David Stockman about his latest article on the economic fallout from the coronavirus lockdowns. Stockman begins by pointing out a startling fact: though the stock market has now returned to all-time highs, the American job numbers are back down to where...
Remember all of the government bailouts and stimulus in response to the 2008 financial crisis? Conservatives threw a fit. The Tea Party movement grew out of worry about the impact of all of the stimulus, money-printing, and the taxes they knew were coming down the...
On February 10 the stock markets were at all-time highs, with the Dow 30 at almost 30,000. The unemployment rate was at an all-time low and interest rates around most of the world were at all-time lows. With interest rates near zero for an entire decade, the value of...
51 Minutes Safe for Work Pete invited Mises.Org editor Ryan McMaken to return to the show to discuss the subjects of the articles he's been covering recently about the government, and the public's response, to the Covid-19 crisis. Ryan's Mises.org Page Link to Richard...
It feels like it's been months, but it's only been a few weeks since the world's central banks started forcing down their key interest rates to historical lows around the world. In those places where rates weren't reduced, the central banks have adopted vast...
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