Here Comes the Pain
Donald Trump has promised quick action on a number of fronts upon being sworn in as President. One of his statements after he won the election was, "Promises made, promises…
The COVID-19 Pandemic, Unemployment, the Deficit, and Tax Policy: Part II
In my previous post I discussed the economic impact of the pandemic and the government's response to date. Increased Federal government spending, through borrowing, has so far prevented economic collapse.…
The COVID-19 Pandemic, Unemployment, the Deficit, and Tax Policy: Part I
The economic consequences of the Covid-19 pandemic have been severe. The unemployment rate in the United States rose to 14,7% in April, the highest level in the country since the…