From Reuters Now they are increasing spending, but what happens when tax revenues fall off the cliff because people aren't working? A debt jubilee, inflate the debt away, debt restructuring, or deficits don't matter MMT - what will they do? The latest surge in...
stimulus
How the CARES Act Will Delay Economic Recovery
The economic fallout of the government’s shutdown in response to the coronavirus pandemic has been unprecedented. Nearly ten million people have filed for unemployment benefits in just two weeks. The 6.6 million claims from the last week of March doubled the previous...
Crisis Exposes Devastating Consequences of Fed Policy: Americans Have No Savings
Two weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. And last week, on March 27,...
Judicial Engagement & National Emergencies
A Curious Quote & A Historical Lesson “We repeat what was stated in Block v. Hirsh, as to the respect due to a declaration of this kind [an emergency] by the Legislature so far as it relates to present facts. But even as to them a Court is not at liberty to shut...
Year Zero 107: Pandemic Parenting with Sherry Voluntary
Tommy invited Sherry Voluntary to come back to the show. They discuss how she is discussing the current hysteria with her kids, and how she's seeing their future as the economy nose-dives.
The $2 Trillion Stimulus Package Is Funding Your Own Surveillance
From corporate bailouts to endowments for art, the $2 trillion stimulus package signed into law last Friday has been roundly criticized as a smash-and-grab robbery perpetrated by the country’s elite. And rightly so. However, there is another provision in the...
Stimulus Bill Lets Fed Operate in Complete Secrecy
I guess we’re just supposed to have faith that Jerome Powell will do the right thing. I don’t know about you, but I don’t have that kind of faith in anybody when it comes to passing out billions of dollars in cash or creating government policy. -Mike Maharrey, TAC...
Where Is All The Money Going From The Covid-19 Stimulus Bill?
The Visual Capitalist has an excellent graphic showing who-gets-what. Note their is approximately $17 billion "required for national security". That is believed to be for Boeing. Of course money is fungible and this visual only shows broad categories....
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