californiacollapse
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07/31/2020
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By News Editors
Paying people not to work is not an economic stimulus
Back in 2009, Nancy Pelosi infamously declared the best way to revive the economy was to dole out ever more generous food stamps and unemployment benefits. The more people collecting welfare the better. At the time, this notion seemed laughable. Now this economic illiteracy seems to have become a conventional wisdom. (Article by Stephen Moore […]
05/12/2020
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By Ralph Flores
Moody’s warns new coronavirus wave will plunge US economy into depression
The U.S. economy is currently in a precarious situation, and what states will do next can either make it or break it. According to Mark Zandi, the chief economist of global financial intelligence firm Moody’s Analytics, many states are taking a huge risk by reopening from the lockdown. A new outbreak, he warns, can tank the economy […]
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