By: Frank Shostak Global policymakers moved to ease public anxiety over the coming economic hit from the coronavirus as analysts warned of a severe slowdown in growth and a possible recession if the virus continues to spread. The US Federal Reserve cut interest rates on Tuesday, March 3, in an emergency move designed to shield […]
Austrian Economics
Is it time to kill the global supply chain because of Covid-19?
By: Andrew Moran Is there any end in sight for the coronavirus? Until there is, you can anticipate the demagogues will be out in full force, exploiting Covid-19 to advance particular agendas. The trade protectionists are grandstanding by postulating that the virus outbreak that has infected more than 100,000 people is justification for killing off global […]
As Coronavirus Stirs Panic, Financial Doomsday Scenario Looms – Are You Prepared?
By: Stefan Gleason We appear to be entering the sort of scenario that doomsday preppers have been warning about for years. A pandemic is spreading death and panic around the world. Markets are crashing. Store shelves are emptying… How long will it be before the economy grinds to a halt completely? How long will it […]
Random Friday: Coronavirus, MSNBC math fail, Elizabeth Warren
News of the Day: The Federal Reserve is taking a page out of the People’s Bank of China (PBoC) and quarantining cash over coronavirus fears. The U.S. central bank announced that it is putting aside some cash it has recently received from Asia for seven to ten days as a precautionary measure. The PBoC recently […]
Capitalism, not the government, will cure the coronavirus
By: Andrew Moran China continues to be battered and beaten daily by the coronavirus, but it looks like the rest of the world is in store for a bad case of Covid-19, too. Despite warnings from international institutions and governments imposing travel restrictions, the private sector is the one doing the dirty work, hoping to both […]