Tag: economy
Torrent of New Federal Spending Leaves Ominous Clouds of National Tax Hikes

The total public debt outstanding of the U.S. government has been exploding at a nearly unprecedented rate. Starting from March 15, 2020, just before the coronavirus pandemic gave politicians a reason to open the federal government’s spending floodgates, the national debt stood at a nearly even $23.5 trillion. Three months later, on June 15,…
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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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China Steels California

Before the coronavirus was detected in the U.S., there were other reasons to question the wisdom of doing business with a one-party Communist dictatorship such as China. With considerable support from U.S. Sen. Dianne Feinstein of California, China gained entry to the World Trade Organization. That removed the annual review of the regime’s record…
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The Key Indicator for Reopening the Economy Is Hospital Capacity

Like many people, I’ve been following the various COVID-19 numbers with interest and have become aware of the various data problems with many of them. However, it is becoming obvious to me that, as talk turns to “reopening” the economy, most of these numbers aren’t relevant, yet people are selectively using them to support…
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The Financial Virus Will Infect Our Politics

One does not need to be prescient to understand that the consequences of the U.S. government’s financial response to the coronavirus will be momentous. The U.S. Federal Reserve recently announced nine new “facilities” (lending programs) and its balance sheet has surpassed the $6 trillion mark. Even the maniacal asset-buying of the post-financial crisis years…
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A Growing Mountain of Debt

Long after the pandemic ends, the debt accrued from the government’s response will still be with us.

Why Is Unemployment Rising?

The obvious answer to the question in my title–that unemployment is rising because of the COVID-19 pandemic–is not quite correct. The virus is not causing unemployment to rise. The government’s response to the virus is causing unemployment to rise. I won’t offer an opinion on whether the government response, overall, goes too far or…
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Never Let a Good Crisis Go to Waste

Remember the Golden Age of Laissez-Faire, the grand epoch brought to a tragic end by the COVID-19 crisis, which laid bare its failures for all to see? Me neither. And yet the New Narrative is already being written. “The Era of Small Government Is Over,” writes Jamelle Bouie in the New York Times. US federal, state, and local government…
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Bear Market: Buying Opportunity?

It’s easy for stock market investors to be discouraged these days, with the market taking such a hit in the wake of the COVID-19 virus. But I’ve been told that a profitable stock market strategy is to buy low, sell high, and by that logic, today’s prices offer a much better deal to investors…
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A Broken Track for California’s Zombie Bullet Train

California’s costly high-speed bullet train boondoggle has officially entered a zombie-like state of existence, neither truly alive nor fully dead.

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org