Economics

The Environmentalist’s Dream Came True With COVID 0
- Economics
- June 9, 2020
Have you recently heard anything about the major existential threat to our lives? I don’t mean the exaggerated virality of the virus currently wreaking havoc with our globalized societies, but the endlessly dangerous impact of climate change? Of rising sea levels and volatile weather leading to crop failures and mass starvation and collapse of precious
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Greed, Not COVID-19, Devastated New York City’s Budget 0
- Economics
- June 4, 2020
Romina Boccia, the director of the Grover M. Hermann Center for the Federal Budget at the Heritage Foundation, recently warned some states and cities intend to use COVID-19 aid to bailout their fiscally irresponsible policies. Boccia specifically called out New York City, which has already received billions of dollars of aid to combat COVID-19. “What
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Why Socialists Love the Phrase ‘It’s Not Real Socialism’0
- Economics
- June 1, 2020
The main reason that the socialists have had the staying power that has, luckily, eluded the Nazis is the argument that these self-acclaimed socialist regimes were “not real socialism.” One influential intellectual responsible for popularizing this argument is philosopher Noam Chomsky, who postulates that socialist regimes, the USSR specifically, merely pretended to be socialist to
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Sweden’s Economy Grows in 1st Quarter Despite COVID 0
- Economics
- June 1, 2020
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
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Notes From the Asylum on the CARES Act 0
- Economics
- May 29, 2020
When it comes to economics, I must be dumb as a stump. Like many others, I received a letter from The White House this past week announcing that I would receive $1200 from the Coronavirus, Relief, and Economic Security Act (CARES ACT). The CARES Act is bringing “this $2.2 trillion
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A Recipe for Economic Recovery From COVID-19 0
- Economics
- May 28, 2020
With the focus on COVID-19 shifting from the health emergency (easing) to getting the economy going again (glimmers of hope), it’s easy to forget just how good the economy was before the pandemic hit. Recall that in mid-February, financial news organizations were reporting that the S&P 500 and the Nasdaq Composite indexes were hitting record
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