Policy and Government

In USA Today, Charles Koch and Brian Hooks tell us to fight coronavirus the American way.

On Real Clear Markets, John Tamny says the politicians shutting down our economy can’t fathom the cruelty of being let go.

The Bill Walton Show interviews Stephen Moore.

Liberty Street Economics gives us lessons from the 1918 flu. 

Monetary

Yahoo reports the Fed’s balance sheet is at an all-time record high.

Historian John Steele Gordon, at the ABA Banking Journal, reminisces on how JP Morgan and August Belmont Jr., head of the Rothschild’s American interests, worked with President Grover Cleveland after the crash of 1893 to save the gold standard. “And even more importantly, they would guarantee—using sophisticated foreign exchange techniques—that the gold would stay in the Treasury. It was a breathtaking display of self-confidence. But Morgan was as good as his word. Within a couple of months the Treasury had $107.5 million in gold on hand. With the economy by then recovering, the gold standard was safe.”

Spending

Reuters reports Rep. Thomas Massie was denied his reasonable request of having Congress actually vote on its $2.2 trillion bill.

On Real Clear Markets, John Tamny says don’t call it a stimulus.