As of May 6, 2020, the Fed's Balance Sheet has ballooned to $6.72 Trillion.
It took over 200 years for the U.S. national debt to reach $1 Trillion. Now, $1 Trillion of debt is added in just 1 month! A monopoly central bank that counterfeits money paves the road to economic ruin. While Americans should have never allowed the
Once the government's ability to sustain its enforcement with money created out of thin air vanishes, the entire order vanishes along with it.
It's becoming increasingly clear that a quick economic recovery is not in the cards this year. That's a very big problem for struggling small businesses, who need emergency loans from the coronavirus relief program to stay afloat.
"We have no rainy day account. We have no savings account."
Los Angeles Mayor Eric Garcetti is calling on Congress to provide more federal funding to fight gun violence, which has continued during the COVID-19 hustle.
Hasn't the Military-Industrial Complex Taken Enough of Our Money?
Dear YouTube: here's the Documented proof from the Government's Own websites. If you take this video down, you're hiding VITAL information the public NEEDS to see, which your "authorized sources" are suppressing!
The people running states like New Jersey and cities like Chicago know they're broke.
Responding indirectly to Jeff Gunlach's late Friday tweet, in which the bond king observed something we had noted previously, namely that "the Fed has not actually bought any Corporate Bonds via the shell company set up to circumvent the restrictions
As with any piss-broke society that functions purely by taking on massive amounts of debt via money printing to try and keep itself afloat, the next obvious step after Central Banks make "loans" by printing money, is inevitable defaults.
The Fed hasn't even started buying corporate bonds. Yet the mere perception of Fed backing helps risky firms borrow anew.
In what was perhaps the most illuminating soundbite from the Powell press conference, in response to a question about the sustainability of the US fiscal trajectory in general, and the soaring debt and deficit in particular - both of which the Fed is
Pouring gasoline on a fire started by Mitch McConnell last week, when the Senate Majority leader said there would be no taxpayer bailout for US states and that he is open to allowing states to declare bankruptcy - rather than sending governors more f
Even as the U.S. small business relief program is set to reopen Monday with fresh funding, the full extent that public companies tapped the emergency facility is only now becoming clear.
International Man: Is the government's reaction to COVID-19 worse than the virus itself? What are your thoughts?
The House of Representatives Thursday overwhelmingly passed a $484 billion relief package to rescue small businesses, help hospitals and to expand testing, sending the fourth bipartisan coronavirus bill to President Trump's desk.
"War is the health of the state," wrote the progressive Randolph Bourne during the First World War, after which he succumbed to the Spanish flu.
After delays from ice cream enthusiast Nancy Pelosi, the Senate reached a deal yesterday and passed a $484 billion coronavirus relief bill last night.
Senate Majority Leader Mitch McConnell said Wednesday he favors allowing states struggling with high public employee pension costs amid the burdens of the pandemic response to declare bankruptcy rather than giving them a federal bailout.
Half in jest a few years ago, in an article, I suggested that taxation be stopped altogether.
Arms industry lobbyists are addressing this pandemic and preparing for the next by pushing weapons sales... There's a battle brewing for the future of national security spending.
California Governor Gavin Newsom (D) announced on Wednesday that illegal immigrants over the age of 18 would be entitled to $500 each during the coronavirus pandemic.
In the wake of the COVID-19 pandemic, trillions of bailout dollars in the U.S. and Canada are about to be fire hosed into particular areas of the economy.
Washington lobbying firms are finding new clients as businesses affected by the coronavirus pandemic race to influence government policy.
[This text is excerpted from the introduction to Anatomy of the Crash, a Mises Institute ebook to be released in April 2020.] The Great Crash of 2020 was not caused by a virus...
Despite the accumulation of nearly ten years worth of evidence that the U.S. government cannot make money from its student loan business despite having a near monopoly in it, it may soon get into a whole new lending racket.
In broad strokes, President Donald Trump, Congress and the Fed are doing the right things to help the entire economy recover.
In late February, the Trump administration said it planned to spend $2.5 billion to fight the coronavirus.
Viresh Amin emails: If you get a stimulus check, do you cash the check? I know some people out of principle don't want a handout.