Doctor Armen Henderson was handcuffed by Miami police as he was loading health care supplies for the homeless into his van in front of his house. His crime - disrespect. "Dr. Armen Henderson, an internal medicine physician at the University of Miami Health System,...
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4/10/20 Jeff Deist on the Economic Consequences of the Coronavirus
Jeff Deist discusses the political responses to the coronavirus, varying on a state-by-state level from complete lockdown to nearly complete normalcy. Deist says this is an example of federalism actually working, since beyond issuing recommendations and printing...
Jobless claims soar again in early April as coronavirus layoffs swell to nearly 17 million
From Marketwatch The coronavirus has turned life upside down in the blink of an eye. Just a month ago, new claims were in the low 200,000s and sat near a half-century low. Already, the ranks of the unemployed appear to have exceeded the prior record of 15.3 million...
The Fed Is Running Out of Bubbles to Create
The Fed came out with a series of unprecedented measures on March 22, 2020. They announced the Fed will buy an unlimited amount of Treasurys and mortgage-backed securities (MBS), or as Peter Schiff refers to it, “QE infinity.” This has been very positively welcomed by...
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...
Without A Bottom Line, Government Is Not Only Blind – It Is Destructive
In the present pandemic panic, a great many are calling for bigger, stronger, and more brutal government to deal with the coronavirus. Thus, they cheer as the political decision-makers, never wanting to let a good crisis go to waste, scurry to get themselves...
Capitalism Makes No Sense
Few things are so confusing as the term capitalism. The definition itself appears clear enough, with the Oxford Dictionaries saying it is “an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than...
Meet The New Boss – At The Fed
Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does...
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