economic

One thing governments show us over and over again is their promises are almost always broken. This should concern us greatly since the “war” on COVID-19 will bring many promises from Congress that will never be realized but will cost us a lot of money anyway. Our federal government promised to balance the budget every …

It was the second week of January, and Robert F. Smith could see the economic damage in China wash across his computer screen in Denver. Weekly reports of tracking data from his more than 60 software companies showed that many Chinese businesses, particularly smaller ones, were slowly grinding to a halt as the coronavirus outbreak …

Because fascists have evil ends in mind, their malevolence is obvious. For socialists however, their ill intent is more insidious. In discussions of illiberal ideologies, socialists are frequently praised for being at least well-intentioned, if naive or ignorant—unlike fascists, who mean to cause harm to certain groups of people. While it goes without saying that fascists have …

Stephen Roach, Yale University senior fellow and former Morgan Stanley Asia chairman, has a warning for US dollar bulls. The prominent economist says that the era of the US buck may be coming to an end and is forecasting a 35% decline soon in the US currency against its major rivals, citing increases in the …

Social justice is one of those squishy terms that is not easy to define. One thing we know for certain: social justice is not the same thing as justice, an age-old idea that was the focus of such thinkers as Aristotle, Plato, Augustine of Hippo, Aquinas, and Hume. (After all, if social justice meant the …

The Great Crash of 2020 was not caused by a virus. It was precipitated by the virus, and made worse by the crazed decisions of governments around the world to shut down business and travel. But it was caused by economic fragility. The supposed greatest economy in US history actually was a walking sick man, …

CNBC reports that Sweden, which avoided a hardline lockdown during the COVID-19 pandemic, saw its economy grow in the first quarter.  The Swedish economy expanded at a far superior rate than many of its European counterparts over the first three months of the year, data published Friday showed, following the government’s decision not to impose …

White House Economic Adviser Stephen Moore said Friday that the unexpectedly positive May jobs report makes approving a “phase four” coronavirus relief package unnecessary. “It takes a lot of the wind out of the sails of any phase four. We don’t need it now,” Moore said. “There’s no reason to have a major spending bill. …

A global pandemic, racial strife, political upheaval — and a rising stock market amid the chaos. While it sounds a lot like 2020 it also has echoes all the way from 1968. Both years featured history-making levels of tumult, and both could end up being good years for investors. While the current market still has some …

With the recent inversion of the yield curve sparking recession fears in the United States, and the stock market swinging wildly in response to the ongoing trade negotiations with China, some are wondering if the longest economic expansion in American history may soon come to an end. Those uncertainties bring renewed urgency to the age-old …