Wealth & Poverty Review | Page 4

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The facade of the Federal Reserve Bank.

The Trump Dollar is on Track to be the Weakest of All Time

Folks, watch them dance, US pols are exultant about the dollar! Despite the volatility and noise of virus, money manipulation, trade war, high tech disruption, and debt explosion, our leaders believe that the buck is a bastion of value. Amid the $6.7 trillion a day of currency shuffling in Vanity Fair — some 25 times world GDP and up some 30% in three years during a trade collapse — the dollar is floating and flapping on the Federal Reserve fortress like a triumphal banner of monetary stability in an ocean of froth. Fed Chairman Jerome Powell is basking in glory as the dollar seems to be slip sliding near the Euro. And at least it’s not Brazil’s real or Argentina’s swooning peso! This Read More ›

Photo by Michael Longmire
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Wuhan’s Other Epidemic

Most know that the Chinese city is the source of the coronavirus — but not that it also fuels America’s deadly fentanyl epidemic. Read More ›
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Licensed from Adobe Stock

Why Did Americans Agree to a National Lockdown?

Americans take our liberty seriously. We have the idea of limited government enshrined in our founding documents. We say we don’t like the Nanny State. So, why did we agree without a fight or a protest to shelter-in-place orders? To a total lockdown? It’s one thing to agree it would be best to work from home and avoid large crowds, or to quarantine people who are sick or at severe risk. It’s another for cities and states to order healthy, low-risk people not to go to work or church, or even to leave their houses, and to arrest them if they don’t comply. States can rightly do this only in the most extreme emergencies. Most Americans have never witnessed this, or anything like it — even in the middle of a hurricane. Read More ›
Photo by Anthony Garand
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To Hell with Main Street?

In times of trouble, Americans rally around a common cause. After Pearl Harbor, we liberated much of the world; during the Cold War, we sent a man to the moon. There was a shared sensibility that Americans were unified in pursuit of the highest ideals. But after some shocks, this sense of unity proves short-lived — and shortsighted. Read More ›
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Bill Walton and Jay Richards Discuss the Economic and Health Crisis Created By COVID-19

Discovery Institute Senior Fellows Bill Walton and Jay Richards sat down with economist Steve Moore to discuss the health and economic crisis created by the coronavirus, and how to respond without all of our freedoms and civil liberties being trampled. They explore the many policy proposals driven by partisan politics, China’s role, the World Health Organization, and the left’s agenda. Read More ›
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Chaos by the Bay

An odd pattern has emerged in San Francisco as the city responds to the Covid-19 pandemic. The world of the well-off has become tightly restricted by public quarantine orders, and the world of the poor increasingly resembles that of Mad Max — lawless, crime-ridden, and devoid of functioning authority. Read More ›
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Masks and Scarves and Overdraft Protection with Arnold Kling

This week I sought out Arnold Kling to learn more about some of his innovative ideas to deal with the health, economic and social fallout from the Covid-19 crisis. Arnold, who blogs at arnoldkling.com/blog, author of “Specialization and Trade” and “The Three Languages of Politics” and with a PhD in Economics from MIT is one of America’s more original and penetrating thinkers. Read More ›