“There is enough for all. The earth is a generous mother; she will provide in plentiful abundance food for all her children if they will but cultivate her soil in justice and in peace.”- Congressman William Bourke Cockran (D-NY) With the massive oncoming rush of...
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...
How bad is it? That is the question on everyone's mind as we come to grips with the economic carnage caused by global economic shutdowns, supply chain disruptions, and ongoing quarantines of million of people. Do we face another Great Depression, or simply a deep...
Mike Swanson discusses all the money the U.S. government has pumped into the economy in order to combat the economic effects of the coronavirus, and what effects these stimulus measures are likely to have. Even though an huge increase in the money supply would...
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...
Mike Shedlock crystallized the Lockdown Nation catastrophe at hand by focusing on the unemployment claims numbers for Michigan Wednesday morning. And it doesn’t get any more transparent than a staggering 25% of the state’s work force already having filed unemployment...
The U.S. national debt pushed above $24 trillion on Tuesday. The U.S. government was already running massive budget deficits long before the coronavirus pandemic and the debt was piling up at a dizzying pace. Response to the outbreak has put spending and debt in...
As he valiantly tried to get a recorded vote on House passage of the $2.2 trillion coronavirus bill (the CARE Act), Rep. Thomas Massie learned once again last month the chief difference between the members of Congress and the inmates of a maximum security prison:...
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