economy

In 1945, as the Second World War ended, the economy of the United States entered the worst economic depression in its history (although 2020 may surpass it). In the first year of this depression, real Gross Domestic Product shrank by 4 percent, and in 1946 real GDP dropped by 20.6 percent. Not only was this…

Read More 1946: The Greatest Depression in US History (prior to 2020)

#WashWeekPBS full episode: Washington responds to the Coronavirus crisis #WashWeekPBS full episode: Washington responds to the Coronavirus crisis

ROBERT COSTA: President Trump and Congress face the test of our times. SENATE MAJORITY LEADER MITCH MCCONNELL (R-KY): (From video.) A fight has arrived at our shores. We did not seek it, we did not want it, but now we’re going to win it. HOUSE SPEAKER NANCY PELOSI (D-CA): (From video.) We’re very proud of…

Read More #WashWeekPBS full episode: Washington responds to the Coronavirus crisis

Did the Soviet Union EVER Recover from WW2? Did the Soviet Union EVER Recover from WW2?

Did the Soviet ‘Economy’ EVER Recover from WW2? That’s the question we’re asking today, and it was prompted by a question from one of my Patrons, Mitchell Line, who asked – “Hi! I was wondering what was the state of the soviet union after the end of the war and what did they do to…

Read More Did the Soviet Union EVER Recover from WW2?

INTERVERSE & INTERCURRENCY by MAXELE INTERVERSE & INTERCURRENCY by MAXELE

It has been 5000 years since the dawn of civilization. Over the ages, people have revolutionized their values countless times leading to our modern society. The history of civilization can also be seen as the history of the evolution of economies. Sometimes, economies thrive and expand. At other times, their guiding principle is destroyed from…

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What causes a Recession or Depression? Well, first we have a government and its central bank. For various political reasons, these decide to ‘stimulate the economy’. And they do this in two ways. First, they set interest rates. Interest rates are simple to understand. Here we have a triangle. The bottom line is time, and…

Read More What Causes a Recession or Depression

#WashWeekPBS full episode: The Coronavirus Crisis #WashWeekPBS full episode: The Coronavirus Crisis

ROBERT COSTA: A crisis of confidence shakes the nation. PRESIDENT DONALD TRUMP: (From video.) To unleash the full power of the federal government in this effort today, I am officially declaring a national emergency – two very big words. COSTA: President Trump is tested like never before. A divided Congress takes a first step. HOUSE…

Read More #WashWeekPBS full episode: The Coronavirus Crisis

WOLFF: The fear of so-called maximum or full employment seems to go back to your [point on] discipline. In other words, if there’s lots of jobs, if the unemployed is small, then your ability to discipline your workers is reduced because they know they can get another job if you fire them. GOLDBERG. You need…

Read More Richard Wolff and Gertrude Goldberg on US unemployment & the idea of full employment

Blizzard and Apple Kowtow to China—But Not South Park Blizzard and Apple Kowtow to China—But Not South Park

It’s not just the NBA It seems everyone is kowtowing to China. Blizzard. Apple. Even Vans. The only one standing up to China seems to be… South Park? Welcome back to China Uncensored. I’m Chris Chappell. The Chinese Communist Party spent the week being very offended. Their public enemy number 1? The NBA. But don’t…

Read More Blizzard and Apple Kowtow to China—But Not South Park

The Justice Department (DOJ) campaign to counter the Chinese Communist Party’s multifaceted onslaught on U.S. interests has ramped up to an unprecedented level, according to government officials and documents. As of last month, the FBI was conducting roughly 1,000 investigations into China’s attempted theft of trade secrets, just one of many fronts in the communist…

Read More DOJ Battle Against Chinese Regime Reaches Historic Scale