Economy

The truth is that you and I need goods and services to live, not electronically printed dollars.

Contrary to Fed assumptions, we are not presently facing a problem of liquidity vis-à-vis Great Recession; we are confronted, instead, with a serious shortage of quality collateral

Real higher wages can’t be created with a government fiat. Worker productivity must first be increased through greater investment

With each passing recession, the Fed finds it harder to refuel the last bubble, but the market moves on to the new bubble as the Fed keeps interest rates artificially low.

Central banks have created a brittle economy without real savings and without much room to maneuver

Nearly 3.3 million claims were filed in the week ending March 21, smashing the 1982 record

The catastrophic impact of the coronavirus shutdown is now spreading to even formerly impregnable sectors

The price of gold hit a seven-year high

The Dow dropped more than 800 points after the opening bell

The lasting and far-reaching harms caused by this authoritarian precedent far outweigh those caused by the COVID-19 virus

The true beneficiary of this bill, it seems, would be the federal education bureaucracy

Industry’s selling rate will likely continue to plummet to between 9 million and 10 million vehicles

We are about to enter a production slowdown—a collapse, really—not because some businesses miscalculated their investments, but because government intervened drastically and without warning to shut down all businesses

As with current Fed policy, there would be both winners and losers if the Fed did nothing.

The very foundation of the social order risks permanent fracturing under this system of moral hazard

The race to zero of central banks in their monetary madness is not to see who wins, but who loses first

Most of US oil production landlocked, while Russia and Saudi Arabia all within easy access to seaborne transit

Says Americans in for rude awakening

Many economists today think it’s a bad thing when companies cut costs to increase profits. But this is a good thing that limits wasteful spending while setting the stage for more investment elsewhere.

A free society is not a free-for-all

Joblessness is becoming a kind of second epidemic, growing and spreading even more rapidly than Covid-19

It’s time to stop pretending that the policies favored by some biologists—who know nothing about how economies work to lessen the health effects of poverty—come without grave costs to public health

Better bailout than in 2008, relatively speaking

Fed now has no choice but to move into private debt market

Pumping trillions into economy paving way to hyperinflation

“If they force it, we just look at all the other options and we’ve got plenty of them.”

Every crisis caused by the unbacked paper money system expands the power of the states over economic and social life, and unfortunately, once the state has expanded its power, it is unlikely the trend will be reversed

Every crisis caused by the unbacked paper money system expands the power of the states over economic and social life, and unfortunately, once the state has expanded its power, it is unlikely the trend will be reversed