Policy and Government
In the NY Post, John Steele Gordon warns people won’t be able to return to their jobs as usual after a prolonged shutdown.
Steve Forbes takes questions from his daughter Moira Forbes.
AIER warns of those promoting socialism under the guise of pandemic.
A Barclay bank scenario assuming “more intense” containment “anticipates a very deep Q2 GDP decline (-50% q/q saar), followed by a more “L” shaped recovery. GDP ends the year down 12%, with the unemployment rate at 10% after peaking at 20% in Q2.
Monetary
On Real Clear Markets, John Tamny says the Fed can’t “save” the U.S. economy any more than the Soviet Union’s central bank could save theirs.