By: Joakim Book Corona fears have shifted the world’s central banks into hyperdrive. Talk more, do more, lend more—and buy everything that moves. One after the other, the major central banks took to the barricades, manned the canons, fired their bazookas, and every other military metaphor you can think of. Nobody stopped to think whether the policies […]
Austrian Economics
Random Friday: Fed buys muni-bonds, a market bottom?, Milton Friedman on crisis
News Story of the Day: Federal Reserve is expanding its asset purchasing program at the municipal level. The U.S. central bank announced on Friday that it will begin to buy state and municipal bonds as part of its latest quantitative easing efforts (four or five?). The Fed has just been acquiring Treasurys and mortgage-backed securities, […]
Wet markets, bats, COVID-19 – Another pandemic in the making?
By: Andrew Moran Across Asia, many shopping districts sell exotic animals from all over the world in hot, humid, cramped, unsanitary, and torturous conditions. A Botswana meerkat, an American badger, an Amazon jungle bat – these are the types of species you will come across in the thousands of wet markets on the continent. Could […]
Out of toilet paper? Blame government’s anti-gouging laws
By: Sandra Klein My family spent our spring break enjoying the coast of Mexico and returned home to a world we barely recognized. Many stores were closed early because their shelves were bare. Shoppers feared the effects of a pandemic and being stuck at home without necessities, so they rushed out and bought up every […]
Bernie Sanders socialism vs. Donald Trump socialism
By: Tyler Curtis Is reelecting Donald Trump the only way to stem the tide of socialism in America? With self-described “democratic socialist” Bernie Sanders still a strong contender for the Democratic nomination, many on the right, including the president himself, argue that only by voting for Trump can socialism be abated. “America will never be a […]