U.S. Economy

Presented at Mises University 2020.

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

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.

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.

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.

Jeff Deist presents a no-holds-barred discussion of the economy after the coronavirus shutdown and George Floyd protests.

GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we'll see a big rebound in GDP. But that doesn't tell us if the private sector is actually better off.

Patrick Newman presented this talk at the Mises Meetup at Avondale Brewing Company in Birmingham, Alabama, on June 6, 2020.

Of course, anyone who deals in interacting with the real world (i.e., not lifelong bureaucrats like Fauci, who needs not exhibit any actual competence to collect his $400,000 paycheck) understands that preserving and augmenting wealth is key in enhancing health and life.

One clue as to why the stock market has rebounded while daily economic news grows worse could be the flood of new punters betting on stocks, from high-flying tech shares to dead-in-the-water leisure stocks.