U.S. Economy

Debt and recession in the United States are big problems. But in both cases, metrics show a better situation in the US than in the eurozone.

Debt matters, even if interest rates are low. Increasing debt and spending means lower growth and weaker real wages in the future.

The rising unemployment comes partly as a result of state governments forcing the closures of some businesses, or restricting operations, in the name of mandatory social distancing.

Tax revenue declined again in June, and new jobless claims increased by more than a million for the seventeenth week in a row.

Presented at Mises University 2020.

Presented at Mises University 2020.

The history of bailouts in the United States is a record of broken promises and growing moral hazard.

Bob explains some of the basic–but crucial–errors in the cost/benefit analyses that have been offered by economists to justify the political coronavirus lockdowns.

It's possible that there may yet be a V-shaped recovery as employment really takes off in the next few months. But, so far, there's little reason to assume this will be the case.

Some conservatives increasingly reject America's well-established classical liberal traditions of laissez-faire and free choice. These conservatives insist that we need a strong state to "make America great again." They're wrong.