Central Bankers Gone Wild: It’s a New Era at the Fed
When people are scared they let the authorities get away with all sorts of nonsense. We're seeing this with the Federal Reserve right now.
Booms and Busts
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An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.
The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even worse.
An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.
The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even worse.
Why Didn’t the 1958 and 1918 Pandemics Destroy the Economy? Hint: It’s the Lockdowns
The 1958 pandemic killed twice as many people as COVID-19 has so far. Yet, the economy in 2020 has collapsed far worse than either in 1958 or the far worse pandemic of 1918.
A Global Race to the Bottom: How Central Banks Are Responding to the COVID Crisis
Now, more than ever, we're in uncharted waters when it comes to central banks and monetary policy. Economist Brendan Brown takes a look at where we are and what the future might hold for central banks' race to the bottom.
Krugman: We Need More Unemployment—to Save Us from Unemployment
Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.
Krugman: We Need More Unemployment—to Save Us from Unemployment
Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.
How Central Banks and Lockdowns Are Making the Crisis Worse
After 2018, the US economy was already headed toward a recession. But bailouts and lockdowns have made things even worse.
How the COVID-19 Lockdowns Will Increase Resentment of the Elderly
How do the shutdowns increase ageism? Because millions have arguably been thrown out of work in the name of protecting the elderly. The resulting economic devastation comes at the expense of younger workers, parents, students, and families.
How Bad Is It?
Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.
