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Economics

  • Notes From the Asylum on the CARES Act

    Notes From the Asylum on the CARES Act0

    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

    A Recipe for Economic Recovery From COVID-190

    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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  • Let’s Not Repeat the Mistakes of the Great Depression

    Let’s Not Repeat the Mistakes of the Great Depression0

    During the Great Recession, President Obama’s chief-of-staff Rahm Emanuel infamously advised, “You never want a serious crisis to go to waste.” And, sure enough, the COVID-19 threat has given politicians another crisis to promote long-sought policy goals. Some are calling for a modern version of the New Deal, but is this a good idea? Setting

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  • Why Companies Pitch in Without Being Ordered To

    Why Companies Pitch in Without Being Ordered To0

    Severe shortages of critical medical supplies have prompted governments to compel private companies to fill the gap. In the U.S., President Donald Trump invoked rarely used powers to force General Motors to make ventilators, while the leaders of France, the U.K. and Japan have put pressure on companies to make more medical supplies. But, judging

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  • We Were Never Asked to Approve the Shutdown

    We Were Never Asked to Approve the Shutdown0

    Police officers dealing with the public have a fairly savvy approach to persuasion: first ask, then tell, then force. It works because it accounts for the dignity and self-respect of others. Uncertain rookie cops and bullies are the ones who forget to ask, adding unnecessary friction to encounters between citizens and the state. In the

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  • Illegal Aliens Can Begin Applying for Cash Assistance in California

    Illegal Aliens Can Begin Applying for Cash Assistance in California0

    Illegal aliens can apply for direct cash assistance from the California state government as of Monday, marking the implementation of the first relief program of its kind. California Gov. Gavin Newsom, a Democrat, announced in April the launch of the Disaster Relief Fund, a $125 million coronavirus relief program for illegal aliens living in the

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