Jeff Deist on Black Rock and the Repo Crisis

Jeff Deist and David Gornoski talk about some of the recent news and relevant topics such as the buying up of homes by Black Rock; the federal reserve’s connection to big corporations; the out of control state of the Fed’s reverse REPO market; and what the average person can do to protect themselves from government interference in the market. Find more from David Gornoski on A Neighbor’s Choice. Source link

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Why Keynes Was Wrong about Unemployment

Large-scale unemployment is another name for a surplus in the labor market. Equilibrium is a state which markets will naturally move toward as buyers and sellers look for mutually advantageous exchanges. Firms can always get some value from additional labor, even under pessimistic forecasts of sale prices and quantities. Workers earning zero wages can improve their situation by accepting a job—even if they do not accept the first offer. Therefore, a labor market in surplus will absorb unemployed labor at a lower wage. When a market is in surplus, the…

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How the Federalists Stacked the Deck to Win Ratification

[This passage is excerpted from Murray N. Rothbard’s Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] The Federalists shrewdly decided to strike hard and swift and drive the Constitution rapidly through the states. The Federalist leaders were a small and cohesive group concentrated in the cities of the eastern seaboard, knew each other, were often tied into the same merchant business interests, and had united with each other and hammered out their ideas over the months of the convention and the years before. Furthermore, their constituency was also largely concentrated in…

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From Pandemic to Endemic: Living with COVID-19

Our guest is Professor David Heymann, an American physician and epidemiologist based at the London School of Hygiene and Tropical Medicine. He has held leading positions at the WHO for more than 20 years, coordinating global responses to epidemics such as Ebola, AIDS, polio, and SARS. He also served as Chairman of Public Health England from 2009 until 2017. Professor Heymann shares his perspectives on post-pandemic life and on opportunities for the public health sector. SHOW NOTES​ Source link

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