The $2 trillion stimulus package passed by Congress is a typical example of Washington’s pork barrel spending. It was originally sold as a bill to give one-time payments to American…
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Waste, Fraud, and Abuse in Coronavirus Spending? Quel Surprise!
April 23, 2020With the $2 trillion coronavirus stimulus bill being the largest single spending bill passed in US history, it shouldn’t be any surprise that there is a huge amount of waste…
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America NowBreaking NewsMoney
What Exactly Is in the $2 Trillion, 880-Page Coronavirus Stimulus Package?
April 2, 2020“I said, look, that was a Democrat request. That was not my request, but you’ve got to give them something. It’s something that they wanted. You know, it works that…
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One of the most disconcerting things about the reaction to the economic crisis surrounding the spread of coronavirus is just how involved the Federal Reserve has been in the process.…
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With stocks having been hammered in recent weeks, demand for gold has skyrocketed among investors looking to protect their investments. In fact, demand has increased so much that supplies of…
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When the Federal Reserve announced its Commercial Paper Funding Facility last week, a facility that hasn’t operated since the 2008 financial crisis, many commentators and analysts jokingly wondered when the…
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The phrase “No one expects the Spanish Inquisition” has become a popular meme in the internet era, playing off its popularity as the catch phrase in a Monty Python skit.…
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Breaking NewsMoney
All Eyes on the Fed This Week After Horrendous Stock Market Performance
March 16, 2020It seems like each week just goes from bad to worse for stock markets. Last week saw the Dow Jones suffer its worst-ever points drop of over 2,350 points. That…
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With stock markets having had their quickest correction ever last week, and continuing middling performance that is only being boosted by central bank liquidity, many Americans are wondering what the…
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With more and more cases of the coronavirus coming to light, and more deaths occurring in the United States, the likelihood that many more Americans will face medical quarantines is…
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Breaking NewsMoney
Stock Market Takes Historic Hit Resulting from Coronavirus Correction
March 2, 2020The Centers for Disease Control and Prevention (CDC) is now reporting that the coronavirus first detected in Wuhan City, Hubei Province, China, has now spread to “57 locations internationally,” including…
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The effects of the coronavirus on the Chinese economy will undoubtedly be strong, as the country is basically operating at half capacity right now. But the effects in the future…