COVID-19 and the War on Cash: What Is Behind the Push for a Cashless Society?
Physical cash is no longer king.
Tag: Economy
US Ready to Go Back to Work, Kudlow Believes, Says Trump to Make Announcement Soon
We want to get folks back to work, Kudlow says
Gold Prices Hit Record High Amid Investors’ Fears Over COVID-19 Economic Fallout
Gold prices skyrocketed to their highest since November 2012
Brent Oil Price Falls Below $30 Despite OPEC+ Deal
May futures for WTI crude fell by 5.98 percent to $21.07 per barrel
In an Age of Pandemics We Need More Freedom to Trade, Not Less
It is thanks to global trade that we now have access to many more resources for treatment and prevention of disease, including COVID-19
The Fed’s Balance Sheet Skyrockets as It Doubles Down on Inflating Asset Prices
The Fed’s portfolio is now 35 percent larger from the time the Fed promised to “taper” back its portfolio and “normalize.”
Pandemic to Cost Global Airlines $314 Billion In Revenue
Overall flights down 80% since January
Trump says record oil production cuts will soon DOUBLE
Trump is not the first person to float a figure of 20 million bpd, or a fifth of global supply
Even If the Fed Keeps Pumping Money, We May Still See Deflation
It is tempting to assume both money supply inflation and price inflation will come soon as the central banks pumps new money. But if banks aren’t lending because the economy is in disarray, the money supply may actually shrink, and prices may even fall
Current Housing Boom Is Over
It’s 2006 all over again
Why This Bubble Economy Keeps Going and Going
Central banks have started doing the dirty work by rolling out the biggest “backstop” ever
Disney World Furloughs 43,000 Workers
Theme park sidelines massive workforce due to coronavirus
Deep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping?
A day of reckoning has finally arrived, and a lot more pain is on the way.
Why Central Planning by Medical Experts Will Lead to Disaster
Medical experts have tunnel vision when it comes to disease and public policy, and they greatly overestimate their own abilities to anticipate unintended costs and consequences
While the West Panicked, Some Asian Regimes Took a Different Path
Even Now, Japan and Hong Kong are moving only very slowly toward economic “lockdowns.” Korea and Taiwan employ different strategies altogether