The Fed created the economic crisis with its more than a decade-long campaign of ultralow interest rates and quantitative easing policy that injected massive liquidity into financial markets. The coronavirus is simply the match that lit the fuse.
Everywhere one looks there seems to be panic about the coronavirus.
As Danielle DiMartino Booth put it, this is the money "bazooka reloaded."
Last week, the Federal Reserve responded to Wall Street’s coronavirus panic with an “emergency” interest rate cut.
Right at the time anticapitalist extraordinaire John Kenneth Galbraith was insisting that advertising makes the consumers buy things, the Ford Motor Corp. was failing miserably at convincing people to buy the Edsel.
Michael Bloomberg spent more than $500 million on ads, and virtually no one voted for him. Contrary to what leftists insist about how "capitalists use advertising to force people to buy things," advertisements don't actually compel people to do anything.
Today would have been Murray Rothbard’s ninety-fourth birthday.
Crises of all kinds send ideologues scrambling to explain how such events fit neatly into their worldview.
US policymakers are spurning free competitive markets for government-created energy monopolies and oligopolies, and the picking of winners and
