Posts by R. David Ranson
R. David Ranson is a Research Fellow at the Independent Institute and the President and Director of Research at HCWE Inc. (formerly H.C. Wainwright & Co. Economics).
The U.S. Economy’s Hidden Resilience


One of today’s pivotal questions is the ability of the economy to cope and adapt in the face of mandatory and voluntary social distancing. Real GDP in the second quarter of 2020 fell at an annualized rate of 32.9 percent, an unprecedented drop. It has become commonplace (and bipartisan) to assume that economic vitality...
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Coronavirus Crises: Everything to Fear from Fear Itself


The coronavirus has spawned crises on three fronts—medical, financial, and economic—and the tide in each turns at different times. The stock market has rebounded from its March 23 bottom, two weeks after Treasury bond yields began to rise from their all-time low. COVID-19 death rates passed their peak in the United States and most...
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Pandemics Are Not Recessions, And Pessimism Isn’t Logic


I thank Dr. Edwin G. Dolan for taking the time to critique my recent Independent Institute Executive Summary, A Pandemic is Not a Recession, in his April 15th blog posting for the Niskanen Center, “The Shaky Logic Behind Hopes for a Quick Recovery.” Criticism is valuable and necessary—though inaccuracies need to be cleared up...
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