Posted in China coronavirus Covid-19 Depression Economics Economy Health Care pandemic public health repression shutdown Wuhan flu Wuhan virus

There Is No Way Of Getting Out Of The Coronavirus Crisis Without Pain

Keeping the economy humming along like normal was never an option. Even without government intervention, much of our society would eventually shut down on its…

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Posted in bailouts demand Economics Economy federal spending Government Spending Keynesian Keynesian economics National Debt stimulus

Why Economic ‘Stimulus’ Only Makes The Economy Worse

While it remains a favorite policy prescription for politicians eager to appear as salvific heroes in times of need, it is untenable as a serious…

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Posted in bailouts coronavirus Covid-19 Economics Economy federal stimulus pandemic public health quarantine recession stimulus supply chains unemployment

Coronavirus May Kill, But So Does Economic Disruption

The stimulus approach fails to address the fundamental causes of the economic downturn, while it balloons the deficit to no good end.

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Posted in China Chuck Schumer coronavirus Default Department of the Treasury Donald Trump Economics Economy FDIC Federal Deposit Insurance Company Federal Reserve Great Depression infrastructure Kevin McCarthy Marco Rubio Mitch McConnell Nancy Pelosi steven mnuchin Wuhan virus

The Economic Disaster Media And Washington Haven’t Begun To Notice

Just beyond — and in the midst of — the public health and financial liquidity crises is the expansive and potentially devastating solvency crisis.

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Posted in Bailout bailouts Budget cash relief Coronabailout coronavirus Covid-19 economic stimulus Economics federal budget Government Spending lending loans national emergency safety net stimulus Wuhan flu

Why Congress Should Give People Emergency Loans Instead Of Handouts

Instead of bailouts, Congress should create new safety net programs that largely recover the cash relief from the same households and businesses that receive taxpayer…

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Posted in AB5 AFL-CIO California contract workers coronavirus Economics freelancers freelancing gig economy gig workers pandemic Unions Work from home Wuhan flu Wuhan virus

In Wake Of Wuhan Virus, California Needs To Suspend Its Ban On Gig Work

The economy is already under pressure. No laws should prevent freelancers from using their labor as best they can to see themselves through this pandemic.

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Posted in bailouts Budget coronavirus Covid-19 Economics Economy Families First Coronavirus Response Act federal spending Great Depression paid leave pandemics recession recessions stimulus Welfare welfare state

Why Congress’s Trillion-Dollar Coronavirus Bailouts Will Shackle The U.S. Economy

Like the New Deal, every additional billion dollars in stimulus and bailout spending will further delay the economic recovery we all want and need.

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Posted in bailouts coronavirus Covid-19 Depression economic downturn Economics Economy pandemic public health

Will The Costs Of A Great Depression Outweigh The Risks Of Coronavirus?

Federal and state governments are making a massive gamble about a little-understood new virus. They are betting our future on the most extreme worst-case scenario…

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Posted in consumption coronavirus Covid-19 demand economic demand Economics Economy Wuhan flu

Why The Wuhan Flu Economic Crash Is Likely To Be Short-Lived

Economic demand will largely be deferred, not eliminated. There may be a brief downturn in the economy, but look for a burst of spending once…

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Posted in Alan Tonelson China coronavirus Covid-19 Economics Economy epidemic health Outbreak pandemic Politics Radio

Alan Tonelson: Republicans Face Political ‘Extinction’ if They Refuse to Help Americans Hurt by Coronavirus

The GOP faces a political “extinction event” if they block economic relief to those financially hit by the coronavirus, warned Alan Tonelson.

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Posted in China coronavirus Donald Trump Economics European Union Italy Japan South Korea The Wall Street Journal Wall Street

The Perfect Economic Storm Is Here, And We Aren’t Prepared At All

Coronavirus isn’t coming to the United States, it’s here. Even if its worst-case scenarios are never realized, the economic — and potentially political — pain…

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Posted in blue-collar jobs Class War Economics Economy Michael Lind Politics Populism populist Radio working class

Michael Lind: ‘Only Institution Where Republicans Have Any Power Left in Society Is Elective Government’

Conservatives must not shun the last institution — elective government — within which they have some power, said Michael Lind.

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Posted in bailouts Barack Obama deficit spending Economics Economy federal spending federal stimulus Government Spending Paul Krugman Recovery Act stimulus package The American Recovery and Reinvestment Act Twitter

No, President Obama, You Don’t Deserve The Credit For Trump’s Awesome Economy

Federal spending cannot and will not stimulate the economy. That is one thing from the Recovery Act you can take to the bank.

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Posted in Ben Carson drug addiction drugs Economics Fort Lawton homeless crisis homeless people homelessness housing Housing and Urban Development HUD Seattle

Why Ben Carson Must Reject Seattle’s Scheme For Homeless Encampments

This would be another thread in a long string of local moves that give the appearance of helping the vulnerable homeless population while instead exacerbating…

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Posted in AB5 contract work contract workers Democrats Economics employment flexibility freelancing gig work independent contractors job flexibility job market labor unions PRO Act Protecting the Right to Organize Act Right To Work teleworking Unions work workforce working from home

Democrat Bill Would End Flexible Work, Force Every American Into The Same Old 9-5

The biggest costs of the PRO Act won’t be borne by employers and businesses. It will be the workers who have less freedom and flexibility…

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