By J.G. Martinez Venezuelans who chose (or had to), for whatever reason, to stay put in Venezuela had to endure somehow the circumstances resulting from the collapse. How those Venezuelans survived the economic collapse might serve as inspiration for you. After interviewing several brave childhood friends from my hometown, I compiled the following experiences on how they … [Read more...] about 4 Creative Ways Venezuelans Survived the Economic Collapse
By Fabian Ommar In almost every prepping and survival forum, you will find discussions on bartering in great length and detail. However, the surge of a black market economy will come long before bartering becomes a thing in most SHTFs. Every prepper seems to have their ideas and pre-planned strategies for bartering when the SHTF. But I don’t see the black market discussed … [Read more...] about The Rules of Surviving a Black Market Economy
By Hannah Cox There is overwhelming evidence that government lockdowns are ineffective at containing the coronavirus. Yet city and state governments continue to employ the economically crushing tactic amid rising COVID-19 case counts even though it means forcing millions more out of work. Heavy-handed politicians have pummeled small businesses the hardest of all this … [Read more...] about Barstool Sports is Helping Struggling Small Businesses Far More Efficiently than the Government
By Jon Miltimore Estimated costs of the coronavirus pandemic are in. The results are not pretty. A new study co-authored by Harvard economist David M. Cutler and former World Bank chief economist Lawrence H. Summers places the costs of the COVID-19 pandemic north of $16 trillion. “The estimated cumulative financial costs of the COVID-19 pandemic related to the lost … [Read more...] about New Study Pegs COVID-19 Crisis Costs at $16 Trillion—So Far
By Raymond C. Niles It is now estimated that half of all bars and restaurants in New York City will close forever, as a result of the loss of customers due to fears of Covid transmission, mandatory lockdowns, and the slow pace of reopening. Just a few days ago, the City finally permitted indoor dining, but in only ¼ of available restaurant space. This happens just as colder … [Read more...] about Goodbye Grounded, My Favorite Coffee Bar Destroyed by Lockdowns
By James D. Gwartney One thing is certain: life in America is not going to be the same after COVID-19. Like the Great Depression and World War II, the pandemic will exert an impact for years, perhaps even decades, on the nation’s economic and political fortunes. Some of the changes cannot be predicted. However, we can anticipate some long-term effects. Here are six areas … [Read more...] about The Economy After COVID-19
By Richard M. Ebeling Through most of the coronavirus crisis, those who have made the case for stay-at-home, reduce or stop work, and narrow the range of retail shopping to assure “social distancing” to reduce the spread of the virus have accused their critics of being more interested in preserving livelihoods than “saving lives.” But there is no preservation of any lives if … [Read more...] about There Will Be No Recovery Without Production
Supply chains collapse, companies are facing bankruptcy, and mass unemployment ensues. Covid-19 has triggered a global financial crisis and is forcing states to develop rescue packages on a scale not seen before. In addition, the crisis has called into question the US dollar's hegemony and could redefine the global monetary system. A team of researchers from the Institute for … [Read more...] about How is COVID-19 Affecting the Global Economic Order?