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...
Markets
The Fed Slashes Rates as Powell Declares Economy ‘Strong’
The Federal Reserve moved to an enact an emergency interest rate cut after officials saw the coronavirus having a material impact on the economic outlook, Chairman Jerome Powell said Tuesday.Powell held a news conference following the central bank’s decision to cut...
Common Objections to Free Markets – REBUTTED! Antony Davies and Keith Knight
Antony Davies is an associate professor of economics at Duquesne University and Mercatus Affiliated Senior Scholar at George Mason University. His primary research interests include econometrics and public policy.
Find Mr. Davies at his website: antolin-davies.com
His podcast: www.wordsandnumbers.org
And on Learn Liberty: http://www.learnliberty.org/speakers/antony-davies/
bitcoin is Dead: Part 4
Click here for Part 3 For the audio version, check out my podcast A Boy Named Pseu where you can download it on all podcast platforms. (read starts at 8:54) Read full piece here. If bitcoin is dead, then Nigerians aren’t living off it Bitcoin is empowering the...
How Excessive Federal Spending Sparked a Liquidity Crisis
Since mid-September 2019, the U.S. Federal Reserve has been fighting to contain a liquidity crisis in the nation’s money markets that was caused in large part by excessive spending by the U.S. government. That surge in spending was prompted by “the worst budget deal...
Pressure-Release Valves in Participatory Fascism
Almost every nation in the world has adopted a system of participatory fascism, whereby nominally representative governments can abridge and restrict someone’s nominally recognized private-property rights. Participatory fascism may enjoy the appearance of popular...
Yemen’s Houthi rebels are not Iran proxies
Samuel Ramani writes in the Washington Post that the Houthi rebels targeting of Saudi oil facilities has more to do with internal Houthi issues than with any desire to retaliate against US sanctions on Iran. Although Houthi drone strikes can be plausibly explained by...
Trump Tariff Tweet Blast Dumps Markets Lower
For the past few weeks stock market investors have been expecting a resolution of the Trump tariff negotiations, with expectations growing that some sort of deal would be settled by the end of this week. Last week Trump officials such as Larry Kudlow even made...
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