Elon Musk dropped an economic truth bomb on Joe Rogan’s podcast a couple of months ago. “If you don’t make stuff, there’s no stuff.” Obvious? You’d think so. But, as Musk pointed out, our economic policies throughout the COVID-19 pandemic have ignored that simple truth. The prevailing assumption is that the government can press “pause” … Continue reading Elon Musk’s Economic Truth Bomb to Joe Rogan
Category: Economy
For decades, progressives have attracted people of color to the Democratic Party with promises to address racial inequality. The 2020 presidential campaign was no departure. Joe Biden, whose nomination as the Democratic Party’s torchbearer rested largely on the votes of the Black community, spoke frequently about racial disparities and laid out an “economic equity” plan … Continue reading 4 Policies Joe Biden Must Rethink if He Actually Wants to Address Racial Disparities
From Sen. Elizabeth Warren to Rep. Alexandria Ocasio-Cortez, some of the most prominent progressive politicians in the country are pushing hard for widespread student debt cancelation. So, it’s fascinating to see a new study show that forcing taxpayers to pay down the roughly $1.5 trillion in government-held student debt is not a “progressive” policy by … Continue reading Top 20% Gets 6x More Benefits from Student Debt Cancellation than Bottom 20%, New Study Finds
In California and other parts of the country, Americans are headed back to lockdown or otherwise facing renewed restrictions on their day-to-day lives amid another spike of COVID-19. Yet a new Gallup poll shows these lockdowns come as people are already struggling with their mental health. “Americans' latest assessment of their mental health is worse … Continue reading Gallup Poll: Americans’ Mental Health Hits 20-Year Low Ahead of Renewed Lockdowns
In a recent event hosted by the American Enterprise Institute, Whole Foods Market CEO John Mackey highlighted the many ways in which business elevates humanity. Mackey specifically praised the innovation and value creation inherent in free market capitalism that have resulted in astonishing growth and real, measurable human progress from a world of near-universal poverty to unprecedented … Continue reading Whole Foods Market CEO’s Defense of Free Markets Is Food for Thought
Congress is considering proposals for another coronavirus relief bill on top of the $4.1 trillion in aid already authorized. Politicians on both sides of the aisle are lobbying Senate Majority Leader Mitch McConnell, R-Ky., and President Donald Trump to increase the cost of a package even further to include another round of checks to most Americans. Renewing these … Continue reading 5 Reasons Why More Stimulus Checks Aren’t the Answer
Rep. Alexandria Ocasio-Cortez did what she does best this week and created another social media firestorm. It all started when a Twitter account called Tax March, which apparently advocates for higher taxes, posted a link to the congresswoman’s online merchandise store and complimented a sweatshirt she sells. https://platform.twitter.com/embed/index.html?creatorScreenName=feeonline&dnt=false&embedId=twitter-widget-0&frame=false&hideCard=false&hideThread=false&id=1334178400613883905&lang=en&origin=https%3A%2F%2Ffee.org%2Farticles%2Faocs-58-tax-the-rich-sweater-perfectly-demonstrates-how-her-ideas-hurt-the-poor%2F&siteScreenName=feeonline&theme=light&widgetsVersion=ed20a2b%3A1601588405575&width=550px The sweatshirt pictured is a plain, black, … Continue reading AOC’s $58 ‘Tax the Rich’ Sweatshirt Perfectly Demonstrates How Her Ideas Hurt the Poor
Other elected officials in Pennsylvania continue to question the constitutionality of Gov. Tom Wolf’s proposed carbon tax in the run-up to 10 public hearings that begin Tuesday on the disputed regulations to address climate change. The Pennsylvania Environmental Quality Board has approved a “cap and trade” plan to cap carbon dioxide emissions from power plants. The plan, … Continue reading Pennsylvania Governor’s Climate Regulations Draw Bipartisan Opposition as Hearings Begin
Mounting evidence shows that pandemic-related lockdowns and restrictions have inflicted much more harm on younger people than the coronavirus itself. A new report reveals that nearly half of 18 to 24 year-olds are “showing at least moderate depressive symptoms," and for many the depression is severe. Researchers at Harvard, Northeastern, Rutgers, and Northwestern universities conducted eight large … Continue reading Harvard Researchers: Nearly Half of Young Adults Showing Signs of Depression Amid Pandemic
As the COVID-19 catastrophe unfolded, the Federal Reserve intervened swiftly in financial markets. Many praise the Fed’s response, including its new role as the “market maker of last resort.” Others are impressed the Fed steered clear of politics during the crisis. The Fed demonstrates what an effective and independent central bank can accomplish, its defenders … Continue reading The Federal Reserve Is Both Too Politicized and Too Powerful
DonnyFerguson.com 