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
Economic Collapse
There Will Be No Recovery Without Production
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
How is COVID-19 Affecting the Global Economic Order?
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?