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...
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SCARE!
by Kym Robinson | Mar 17, 2020 | Events, Featured Articles
It has arrived, a pandemic. It swept the world, we watched, laughed and ignored it. Memes were made, media excitedly reported and millions speculated. It was fun to tinker inside of our minds what we would do should the zombie hoards arrive. We had seen the movies,...
Could the Coronavirus Be Fatal for the EU?
by Alasdair Macleod | Mar 16, 2020 | Events, Featured Articles
Since the EU’s debt crisis over Greece in 2009 and the subsequent problems with Italy, Spain, and Portugal, eurozone banks have dedicated their balance sheets to financing government deficits. At a cost to the commercial banks’ own cash flows, negative deposit...
3/16/20 Jim Bovard on the Police Killing of Duncan Lemp
by Scott Horton | Mar 16, 2020 | The Scott Horton Show
Jim Bovard shares the story of the death of Duncan Lemp, a 21-year-old Maryland man recently killed by police in his home in the middle of the night. The police aren't releasing their side of the story yet, but it looks as though Lemp hadn't even been charged with any...
3/13/20 Joe Lauria on the Heroic Julian Assange and Chelsea Manning
by Scott Horton | Mar 16, 2020 | The Scott Horton Show
Joe Lauria discusses the latest with Chelsea Manning and Julian Assange. Manning has finally been released after a year in jail for contempt of court after refusing to testify against Assange in his extradition trial. Assange is still being held while his trial in...
Think Deficits Are Bad Now? You Ain’t Seen Nothin’ Yet
by Michael Maharrey | Mar 16, 2020 | Economics, Featured Articles
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...
3/13/20 Ryan McMaken on the Coronavirus and our Fragile Economy
by Scott Horton | Mar 16, 2020 | The Scott Horton Show
Scott interviews Ryan McMaken about the current coronavirus-induced financial slowdown and what it might mean in terms of the next big crash. McMaken explains that with America's incredibly over-financialized economy, practically the only tool that the government...
3/13/20 Kelley Vlahos on the Release of Chelsea Manning
by Scott Horton | Mar 15, 2020 | The Scott Horton Show
Scott is joined by Kelley Vlahos, executive editor at The American Conservative, to talk about the release, at long last, of Chelsea Manning, who was being held in federal jail for refusing to testify in the Julian Assange case. After a year in jail and a suicide...
Blog
U.S. Inflation Climbs To 7.5%
Rents rose 0.5% last month in another of a series of sharp increases since last summer. The cost of rent — the biggest expense for many households —has jumped almost 4% in the past year. Food prices also increased again, up almost 1% in January. The cost of groceries...
As Governments Remove Some/Most Covid Restrictions
Robert Higgs: The Ratchet effect In my work, the ratchet effect describes the characteristic way in which government under modern ideological conditions grows during a perceived national emergency. The government's size, scope, and power grow abruptly as the...
Bastiat Foresees 1/6
"As long as it is admitted that the law may be diverted from its true purpose—that it may violate property instead of protecting it—then everyone will want to participate in making the law, either to protect himself against plunder or to use it for plunder. Political...
Veterans’ Group Responds to Liz Cheney: ‘Put Up or Shut Up’
Today Bring Our Troops Home, a national organization of Global War on Terror veterans, called on Wyoming Representative Liz Cheney to stop using the U.S. Constitution "as a media prop" and support congressional war powers as stated in Article I, Section 8. "It is time...
Socialized Medicine Ain’t Freedom
The emergence of a pro-Enlightenment, pro-reason, anti-woke left, with its eloquent declarations in favor of freedom, is welcome indeed. But this political force still has some way to go. It is disappointing to hear the same people who effectively and properly debunk...
The Antiwar Comic: Antiwar Neocon
Oh, NOW they're against war. More comics at the Webcomic Factory.
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