Unemployment is running at over 13%, but much of the economic data is coming in better than economists have been forecasting. And the stock market is down only modestly for the year in the face of what looks like a dire economic situation. What’s driving the disconnect? The personal income statistics from the Bureau of […]

At LewRockwell.com, former Congressman Ron Paul explains the secret new Federal Reserve bond-buying program, and how it could be abused. He writes (abridged): In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. Under the law creating the […]

The Trump administration is rushing to save farmers from the effects of COVID-19 shutdowns on the agricultural economy. The Wall Street Journal’s Andrew Restuccia and Jesse Newman report: President Trump announced a $19 billion relief program for the agriculture sector, which has been hard hit by the coronavirus outbreak, turning to a playbook the administration has […]

Originally posted March 20, 2020. The world’s most extraordinary episode of hyperinflation happened between 1919 and 1922 in post-World War I Germany. To get the full picture of the events that led to rapid inflation by Germany’s post-World War I ruling regime, the so-called Weimar Republic, you have to go back to the Franco-Prussian War, […]

Volatile demand from consumers who first hoarded, then avoided grocery stores is forcing farmers to dump milk, reports the Ontario Farmer: As much as five million litres of milk is being dumped and more will likely follow in the weeks to come as Canada’s dairy industry struggles to match demand with the fickle requirements of […]

George Neumayr explains at The American Spectator that Democrats flirting with socialism put all of President Trump’s economic gains at risk. He writes (abridged): America’s economic growth under Barack Obama was anemic, and the economy would have been even worse had the Democrats enjoyed control over Congress during his two terms. Were the Democrats to […]

Unethical experts abound in every discipline, but no more so perhaps than in the media and DC think tanks, warns Victor Davis Hanson in National Review. A supposedly clueless Donald Trump had the lemmings racing toward the abyss in an attempt to trash his economic plans as gravely absurd. Mr. Trump was bound to destroy […]