The Atlantis Report
Premiered Jun 29, 2021
Central banks throughout the world have been printing money. This policy, known as quantitative easing in banker jargon, has pushed up the price of stocks and bonds. But will it lead to real and sustainable increases in global growth, or is it just sowing the seeds of future inflation.
The Nomad Economist
Premiered Jun 29, 2021
The federal government collects a lot more in taxes than the state governments do. And the feds also spend a lot more. This tells us a lot about how the federal government came to dominate all political systems in America.
In 2021, it’s clear Americans now have thrown off any notions of subsidiarity and instead embraced the idea that the federal government should be called upon to fund pretty much anything and everything. From “stimulus checks” to “paycheck protection,” it’s assumed an entire national workforce can be propped up by federal spending. Moreover, in the wake of 2020’s covid recession, every pressure group, from local governments to weapons manufacturers, looks to the federal government to offer ever larger amounts of federal spending, ladled out from the federal pot of more than $6 trillion of annual spending. Need some “infrastructure”? The federal government will pay for it. Need a bailout? You know where to go.
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