By: Andrew Moran Since the spread of the Wuhan coronavirus (now officially named Covid-19 by the World Health Organization), China has employed every monetary and fiscal instrument under the Rising Sun. To limit the economic fallout from the outbreak, Beijing is doing everything from sterilizing cash to cutting interest rates. The plan is to survive until tomorrow. The quintessential […]
Archives for February 2020
MSNBC, WaPo freak out over Michael Bloomberg’s crickets video
Here is another one to file for future reference if you want to write or discuss media hysteria. A day after the debate, Michael Bloomberg’s campaign sent out this video meme: Anyone? pic.twitter.com/xqhq5qFYVk — Mike Bloomberg (@MikeBloomberg) February 20, 2020 If you read the Twitter thread, you see people accusing Bloomberg of “manipulating,” “doctoring,” and […]
Random Friday: Dollar collapse, Bernie Sanders’ hypocrisy, Jeff Deist on Fox
News Story of the Day: Has the dollar collapse been delayed? The U.S. Dollar Index, which is a measurement of the greenback against a basket of currencies, was homing in on the 100.00 mark this week before plummeting 0.58 percent on Friday. Still, the buck has enjoyed a strong start to 2020, advancing more than […]
China orders banks to disinfect cash, PBoC will destroy some current currency amid coronavirus
With 1,700 deaths and confirmed cases topping 71,000, the Wuhan coronavirus is sending China into a downward spiral. Beijing is trying everything to stave off the economic fallout from the outbreak. The government has unleashed several fiscal stimulus measures, while the People’s Bank of China (PBoC) has been injecting tens of billions of dollars into […]
Why can’t Bernie Sanders reject his previous maximum wage endorsement?
By: Andrew Moran Senator Bernie Sanders (I-VT) possesses a troubling record of praising authoritarian regimes and acting as an apologist for communist governments that committed atrocities. The socialist senator did not make these remarks as a college freshman, but as a middle-aged politician who honeymooned in the Soviet Union and delivered speeches that celebrated Nicaragua, Cuba, China, […]