Updated state unemployment numbers: More than a quarter of the workforce has filed for...

Another 3.5 million U.S. workers filed for unemployment insurance (UI) benefits last week, according to the Department of Labor’s most recent data released this morning (not seasonally adjusted)....

The Fed is trying to solve the wrong problem

Back in 2008, the Fed thought the “real problem” was banking distress, and instituted a set of policies based on that assumption. These policies were aimed at injecting...

Unemployment Kills: The Longer Lockdowns Last, the Worse It Will Get

Fed chairman Jerome Powell on Wednesday announced the economic data now coming out "is worse than any data we have seen for the economy." This is due in part to to...

Nearly 20 Percent Of The U.S. Labor Force Has Filed For Unemployment Since Mid-March

Now in its seventh week, the U.S. unemployment crisis continues to deepen. According to Thursday’s data release from the Department of Labor, 3.8 million more Americans filed for...

We’re actually decent people in a crisis – and stories claiming otherwise do harm

First there was the panic buying. Then came the selfish, reckless refusal to maintain physical distance: the beach parties in Florida and the house parties in Manchester; the...

Quotation of the Day…

Tweet… is from page 305 of Vol. 19 (Ideas, Persons, and Events ) of...

More Thoughts on a Wealth Tax and Alternatives

(This post first appeared on my Patreon page.) Last week the Boston Review (BR) published an exchange on a wealth tax that included a proposal from Berkeley economists Emmanuel...

10 Thursday AM Reads

My morning train WFH reads: • Investors Bet Giant Companies Will Dominate After Crisis (New York Times) • Despite Fed Backstop, Junk Bonds Still Face Big Trouble (Chief Investment Officer) •...

The Press’ Conspiracy to Overthrow our Way of Life Exposed?

The Washington Times has come out with the story which is inevitable: COVID-19 turning out to be huge hoax perpetrated by media All my sources have been saying this from...

12.7 million workers have likely lost employer-provided health insurance since the coronavirus shock began

Since the economic fallout of the coronavirus shock began in early March, the number of workers laid-off or furloughed—as measured by new claims for unemployment insurance (UI)—has skyrocketed....
- Advertisement -

Latest article

The Anticapitalist Mentality

Not being a fan of the movie Titanic, I was unaware of this anecdote. I ran into it reading Franco Moretti’s The Bourgeois....

New Mortgage & Budget Check – Input Welcome!

Hi I wanted a gut check on a new potential mortgage and budget. This is for the suburbs about an...

Private Defense in the History of Genoa

The city of Genoa is often excluded from histories of medieval and Renaissance republicanism. Similarly, Genoa is also absent from discussions on the...