Nothing a little more stimulus won't fix.
stimulus
Stagflation is Coming, Prepare Accordingly
The United States retail sales and jobless claims weakness, significantly below estimates, coincides with the largest fiscal and monetary stimulus in history. Something is not right when these figures come significantly below estimates in an environment of massive...
Stimulus Is Not the Answer to Your Economic Woes
Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the...
Joe Biden’s Fake Economic Recovery
The University of Michigan consumer confidence index fell to 82.8 in May, from 88.3 in April. More importantly, the current conditions index slumped to 90.8, from 97.2 and the expectations index declined to 77.6, from 82.7. Hard data also questions the strength of the...
COVID Relief to States is One Big Bailout
Earlier this year, 17 state treasurers signed on to a letter to Congress asking them to include $350 billion to cities and states as part of the latest COVID relief package, passed by the House of Representatives this weekend. In the letter, the signees declare that...
1/7/21 Bob Murphy on the Disastrous Consequences of the Government’s Covid Policies
Scott talks to Bob Murphy about the economic side of all the covid policies this past year. Most obvious are the huge spending bills, which dwarf even the stimulus measures taken after the 2008 recession. Murphy reminds us that this kind of rampant spending really...
Could 2021 Be The Year Of Bipartisanship?
Starting out that way. Homes of Mitch McConnell and Nancy Pelosi Are Reported Vandalized Mitch McConnell, the Senate majority leader, called the vandalism of his Louisville, Ky., home a “radical tantrum” taken from a “toxic playbook.” The homes of Senator Mitch...
Booms & Busts: An Analysis of Easy Money
According to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy. It is held that by inspecting various economic indicators such as the gross domestic product or industrial...
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