Brownstone » Economics

Economics

Bankman-Fried pandemic

Sam Bankman-Fried and the Missing Billions for Pandemic Planning

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The display was disgusting but entirely predictable if you understand something about how our own hunger games are played. In this decade and a half of easy money, a whole class of people has risen to the top of the cultural echelon not by productive labor but by educational credentials and being part of the corporate float. They have come to believe that the system makes sense simply because it has benefited them. This is why they so gladly took to pandemic controls when they were at their height.


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China economy

The Virus Response is Wrecking China’s Economic Prospects

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A growing lack of freedom in Asia’s foremost country is the surest signal we need that China’s lust for greatness is more rhetorical and performative than real. In other words, the only way to be beaten by China is to mimic its authoritarian ways. Please keep this in mind with what indefensibly happened stateside in 2020.


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Brownstone support

Brownstone, Moral Courage, and the Fight of Our Lives 

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Supporting Brownstone is a way of making a difference and effectively saying: we are not willing to give in and give up. We’ve come too far as societies and people to turn back now. We will not give the keys to the kingdom to Bill Gates, Klaus Schwab, Sam Bankman-Fried, much less the New York Times and Mark Zuckerberg. They might seem to have all the money and power but we have something they lack: dedicated moral passion to tell the truth. 


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ftx effective altruism

The Bigger FTX Scandal is “Effective Altruism”

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FTX’s funding of the TOGETHER Trial did advance the official COVID-19 narrative of the ‘vaccines being the only way out’ and simultaneously help drive the profit-making agenda of the pharmaceutical-industrial complex. Therefore, whilst many scandals have arisen from the king of crypto’s dealings, the suppression of life-saving treatment is a scandal that’s entirely in a league of its own.


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Covid CBDC control

From Covid to CBDC: The Path to Full Control

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Every indication is that CBDC’s arrival is imminent. Yesterday, several global banks announced a partnership with the NY Federal Reserve to pilot digital dollars. Given the ubiquity of credit/debit cards, payment apps, and other online payment systems, digital money has been bound to happen for some time. The risk isn’t the electronic part, that’s inevitable – it’s the fact that a central bank will oversee the digital currency.


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The Post-Lockdown Labor Market: Weak and Worsening

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What is happening is people are taking multiple jobs in order to stay abreast of the soaring cost-of-living, and also because work-from-home has made it very easy for free lancers and gig workers—especially in the tech sector—to attach themselves to two, three or even four employer payrolls. These all count as “jobs” in the establishment survey, but not in the household survey.


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Maybe the Fed Too Was Trolled 

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There will be no going back to 2019 prices in any sector. Powell knows this. He hates it but he is determined not to be blamed for it. For his part, he believes the blame lies elsewhere: with the apocalyptics, the conspirators, a profligate Congress, a confused President, and the shadowy bunch in the national security state. With them, and under this scenario, he is not likely on speaking terms. 


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Bravo, Elon!

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Twitter’s phony “content moderation” operation was not unique, but symptomatic of a much broader perversion of corporate management throughout Silicon Valley and much of corporate America, too. In a word, the stock market was so fantastically over-valued owing to the Fed’s egregious money-printing that executives were given leave to pursue their political and ideological hobby horses on a whim, rather than keep their noses on the grindstone of profit and loss.


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Xi Jingping Is Reminded that Markets Don’t Like Central Planning

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The Hang Seng correction is a reminder to politicians and pundits the world over that markets are much more powerful than politicians, and they’ll speak their mind in ways that shame those so foolish and so arrogant as to believe that prosperity can be planned. It’s a warning to Xi Jingping, but also a warning to conservatives who should know better, but who presently think that the answer to state planning is more state planning.


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economic disaster pandemic response

The Economic Disaster of the Pandemic Response 

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Economics is about people in their choices and institutions that enable them to thrive. Public health is about the same thing. Driving a wedge between the two surely ranks among the most catastrophic public-policy decisions of our lifetimes. Health and economics both require the nonnegotiable called freedom. May we never again experiment with its near abolition in the name of disease mitigation. 


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US Government Officials Dumped Stocks Prior to Lockdowns, Report Shows

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In an explosive new report from the Wall Street Journal, leading health officials began offloading stocks at truly unprecedented rates in January 2020—well before the COVID-19 emergency was declared—with officials at the US Department of Health and Human Services selling 60% more stocks in January 2020 than average over the previous 12 months.


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The Macroeconomic Consequences of Lockdowns and the Aftermath

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Washington compensated one and all for the resulting harm and then some by unleashing a $6 trillion spending bacchanalia in less than 14 months, which was accomplished with barely a dissent from either party to the Washington duopoly because interest rates on government debt had plunged to an all-time low. In turn, that was enabled by the most reckless spurt of money printing and debt monetization in recorded history.


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