Initial claims for regular state unemployment insurance totaled 684,000 for the week ending March 20, down 97,000 from the previous week’s tally of 781,000 (see first chart).
Last week, President Biden signed legislation that will increase fiscal spending by $1.9 trillion. While often referred to as a “stimulus” bill, it might be better described as “relief” (although…
The coronavirus and the government responses with shutdowns and lockdowns, along with restrictions on international travel and disruptions of the global supply chains that crisscross countries and continents,
This has been a year of astonishing policy failure. We are surrounded by devastation conceived and cheered by intellectuals and their political handmaidens.
The use of universal lockdowns in the event of the appearance of a new pathogen has no precedent. It has been a science experiment in real time, with most of…