Scott talks to David Stockman about the economic fallout from the coronavirus lockdowns. Stockman points out all the devastation that has already been wrought by the government so far—relating to both the lockdowns and to the rampant stimulus measures meant to address...
stimulus
News Roundup 7/28/20
US News The second Covid stimulus will be at least $1 trillion. [Link] Over the past eight years, Rite Aid has installed cameras equipped with facial recognition software in 200 of its stores. The facial recognition software is tied to the Chinese government. [Link]...
News Roundup 7/16/20
US News Joe Biden says he is open to getting rid of the Senate filibuster. [Link] Tommy Tuberville beats Jeff Sessions in the Alabama Republican Senate primary. [Link] Trump announces the arrest of several MS-13 gang members. One member was charged with...
How Fed Policy Could Cause More Riots
Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary Daly both recently denied that the Federal Reserve’s policies create economic inequality. Unfortunately for Powell, Daly, and other Fed promoters, a cursory look at the Fed’s operations shows...
The Federal Reserve is Getting Desperate
In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a...
The Present and Future Cost of Spending
Welcome to your future. Your government is spending it right now. And your children’s and grandchildren’s future to boot. The U.S. Treasury projected that it would borrow $2.99 trillion in the second quarter fo this year. The Trump administration also plans to borrow...
It Only Gets Worse From Here
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...
News Roundup 5/13/20
Coronavirus Hundreds of millions of people will be thrust into extreme poverty by the COVID shutdowns. The starvation caused by economic disturbances may kill more people than coronavirus. [Link] Military contractors are hiring as tens of millions of Americans in...
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