Covid-19 madness intensifies with the story of a 35-year-old Pennslyvania man shooting at a store clerk who tried to force the man to wear a mask on Friday. Adam Zaborowski faces 22 charges, including attempted homicide, attempted first-degree murder of a police officer, aggravated assault with a deadly weapon, and illegal gun possession despite a…
Libertarian economist and financial advisor, Peter Schiff, once again brought free market ideas to the Joe Rogan Experience Podcast. In this clip from earlier this week Schiff and Rogan discuss the student loan and education bubbles. “Average Americans had lots of money in the bank. They weren’t loaded up with debt. The didn’t have credit card…
Mary Margaret Olohan on June 5, 2020 The U.S. economy gained 2.5 million jobs in May, while the unemployment declined to 13.3%, according to Department of Labor data released Friday. Total non-farm payroll employment rose by 2.5 million in May, according to the Bureau of Labor Statistics report,and the number of unemployed persons fell by…
The downturn in the market from the COVID-19 crisis has spurred younger people to take interest in the stock market, picking up shares for cheap. Many people have flocked to the app Robinhood which has no trading fees, and offers a random free share of stock as a perk for signing up. You can download…
Texas announced on Friday that they would become the first in the nation to open their economy back up in incremental steps beginning Monday, April 20th. On Thursday, April 16th, the Young Americans for Liberty (YAL) team were at the Austin, Texas capitol for one of the first in the nation protests to stop the economic shutdown…
Steam rises from a hot cup of coffee as you make small talk with the waitress. The cook cracks the eggshells and drops the runny inside onto the sizzling griddle. Pancake batter is scooped out beside it while bacon strips smolder close by. The flourescent lights burn 24 hours a day and your coffee cup…
Sipping more coffee these days? Laboring at home and traveling less, I find myself more frequently appreciating a good brew, as well as an invention that is to coffee what the slicing machine is to bread. I’m referring not to a burr grinder or a French press or a Keurig machine, but to the lowly…
The Great Depression… The Great Recession… But what are we in today? This government-caused economic downturn is unlike anything we have ever experienced. Never have we seen anything of this magnitude. So, what should this recent catastrophe be called? Gene Epstein has coined the term ‘The Great Suppression’. How government has suppressed business The economy…
Initial claims for unemployment insurance soared to 6.65 million for the week ending March 28, exceeding last week’s shocking 3.3 million, and dwarfing the previous high of 695,000 in October 1982. During the Great Recession in 2008-09, total job losses were 8.8 million over 25 months versus a total of 9.96 million initial claims…
What happens when Atlas stops holding up the world? In Ayn Rand’s famous (and if I may add brilliant) novel Atlas Shrugged, the producers of the world eventually get fed up with government’s continuous strangling harassment and quit. Spoiler alert: The world doesn’t fare well without the producers who keep society moving…working…innovating…building. Now, imagine a…