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** March 3, 2020
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** By Ryan McMaken
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** The Fed Slashes Rates as Powell Declares Economy "Strong" ([link removed])
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Today's rate cut of 50 basis points is the largest rate cut since December 2008, in the midst of the aftermath of the financial crisis. But Chairman Powell insists the US economy is "strong."
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** By Brendan Brown
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** Coronavirus: Central Banks Stand Ready with More "Stimulus" ([link removed])
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There are echoes of the 1973 oil shock in the current virus scare and resulting economic seize-up. Central banks are likely to respond similarly: with "stimulus" and inflation.
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** By Frank Shostak
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** How Government Spending Destroys Wealth ([link removed])
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Government spending overall—not just deficits—is the real problem. Government spending diverts wealth away from truly productive people and toward the government and its favored groups.
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** By William D. Hartung
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** Trump Is Trying to Ride the Pentagon Gravy Train to Reelection ([link removed])
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Trump is spinning a narrative in which ever larger government budgets—and ever larger piles of deficit spending—create jobs and make America "safe."
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