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Andrew Moran



Articles by Andrew Moran

Swamponomics: Trump’s Fed Pick, a Kodak Moment, and GDP Misinformation

3 days ago

President Donald Trump and his administration recently announced that Kodak would be transformed into a pharmaceutical producer under the Defense Production Act (DPA). The president confirmed that Kodak would receive a $765 million loan to establish Kodak Pharmaceuticals to manufacture generic pharmaceutical ingredients to decrease America’s reliance on foreign drug makers. If you have not …

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Gorging on Debt to Survive the COVID-19 Economy

18 days ago

Our current position on debt seems to be akin to saying the only way to keep from drowning is pouring more water over the victim. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Gorging on Debt to Survive the COVID-19 Economy​”.

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Gorging on Debt to Survive the COVID-19 Economy

20 days ago

Because the country could not stop for debt, he kindly stopped for the nation. You venture to your mailbox to find a statement notifying you that you have maxed out your credit card. Instead of making sacrifices and cutting back on your spending, you choose to get another piece of plastic to pay off your …

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Could the Economy Survive a W-Shaped Recovery?

25 days ago

In the weeks following the United States shutting down over what has turned out to be mainly a nursing home epidemic, the economic geniuses on CNBC and Bloomberg discussed the various letter recoveries. The consensus had been that the US would experience a V-shaped recovery over the next several months. While the early indicators lent credence …

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Beware Washington’s Latest Trillion-Dollar Infrastructure Scheme

July 4, 2020

The Democrats want trillions spent on infrastructure for a “Green New Deal.” The GOP wants a trillion for roads and bridges. They’re likely to find a way to “work together” to spend trillions either way. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Beware Washington’s Latest Trillion-Dollar …

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Beware Washington’s Latest Trillion-Dollar Infrastructure Scheme

June 29, 2020

The infrastructure zealots and the Green New Deal (GND) acolytes have returned at the tail end of the coronavirus pandemic. The Republicans are championing investments in roads and highways, while the Democrats are advancing Rep. Alexandria Ocasio-Cortez’s (D-NY) grand utopian green vision. One side is falling back on this decades-old myth that America’s bridges are …

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There’s No End in Sight to the Zombie Economy

June 5, 2020

Put simply, if it were not for accommodative monetary policy, these firms would have otherwise shut down by now. Once again, the Fed is refusing to allow the invisible hand to rein in the excess for fear of a liquidity crisis, credit crunch, and worse. This Audio Mises Wire is generously sponsored by Christopher Condon. …

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There’s No End in Sight to the Zombie Economy

June 1, 2020

The United States was waiting for the zombie apocalypse. The country was given a coronapocalypse instead. But could the two events merge and provide the nation with a dangerous economic trend? Corporate America’s worst-kept secret had been the swelling number of zombies kept on life support and hidden away during the boom phase of the …

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Crisis or Opportunity? To Politicians, It’s the Same Thing

May 15, 2020

The COVID-19 panic has provided a myriad of opportunities for politicians to exploit the fear and pain of ordinary people for personal profit. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Crisis or Opportunity? To Politicians, It’s the Same Thing”

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Crisis or Opportunity? To Politicians, It’s the Same Thing

May 13, 2020

Forget performing William Shakespeare’s Macbeth. The real art form is politicking. They sport taxpayer-funded windbreakers, speak with authority and urgency, and lead a brigade of specialists. When a crisis unfolds, whether it is a hurricane or a virus outbreak, politicians stand before the cameras, appearing to be in control of the situation—but they see an …

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Why Markets Are Rallying as Millions Become Unemployed

April 22, 2020

Wouldn’t you feel great knowing that your stock picking is fully insured by the Fed? Billionaires and wealthy hedge fund managers know the feeling. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Why Markets Are Rallying as Millions Become Unemployed”

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Why Markets Are Rallying as Millions Become Unemployed

April 21, 2020

The US economy is imprisoned, most of the population is under house arrest, and the inmates in Washington are running the asylum. And yet while the nation appears to be walking the green mile, investors residing in the Wall Street cell block have been extended pardons from the market gods. Prisoners in the Main Street general population wing …

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Europe Can’t Afford a New “Green Deal”

February 10, 2020

Today’s brand of the left-leaning politician is all about substituting what sounds good for what actually works. Modern politics, whether in the US or Europe, is about taking a chainsaw to everything that produced even a modicum of success to appease the deities espousing progressive orthodoxy. There is no better example of this than fossil fuels, …

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California’s Anti-Self-Employment Law Is Already Crushing Freelancers

January 18, 2020

In 1971, Isaac Asimov wrote an extraordinary novel, The Gods Themselves, about a machine that generates unlimited energy for free, defying the fundamental economic principle known as scarcity. It is later learned that the Electron Pump is originating from a hole in space that connects parallel universes. Doomsday is nigh as it is discovered that …

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Subprime Loans Will Be Back with a Vengeance in 2020

January 14, 2020

One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Everything is subprime nowadays, as banks, finance companies, and unconventional lenders are less averse to risk and are willing to …

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In Healthcare, a Little Bit of Market Freedom Goes a Long Way

December 30, 2019

In the US, a hysterectomy or a gall bladder surgery can set you back tens of thousands of dollars. For families that do not possess medical insurance or have inadequate coverage, it can be financially stressful to visit a hospital or schedule an appointment with a doctor. Most people residing outside the US would suffer …

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The US Economy Is Being Japanified — Thanks to the Fed

December 14, 2019

Japan has not recovered fully from the lost decade of the 1990s. The Asian financial crisis was exacerbated by the dot-com crash and then a few years later the global economic collapse. Tokyo has tried everything to combat anemic growth and deflation, and resolve the zombification of the Japanese economy through an immense buildup of …

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Central Bankers Have Declared War on Your Savings

November 30, 2019

When any one of the plethora of bubbles burst – pick your poison – and the next financial crisis impacts Wall Street and Main Street, how will the central banks and federal governments react? They have fired all their unconventional rounds of bullets, from subzero interest rates to vast money-printing . One other proposal could …

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Toronto Drops Rent Control — So Builders Build More Housing

October 26, 2019

It has become almost generally accepted that politicians break their promises. Whether it is to balance the budget or achieve an ambitious goal outlined in their campaign platforms, the electorate already anticipates that they will always fall short of their pledges. By now, we don’t even get angry about it – we’re immune to disappointment. …

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The Steel Tariffs Have Failed

July 24, 2019

Even before Trump officially declared his presidential aspirations, trade was the cornerstone of Trumponomics, and he lambasted global partners who ostensibly had taken the American people to the cleaners through the means of unfair trading practices, currency manipulations, and efforts to undermine US industry. One product his administration targeted was steel, and it applied 25 …

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This Trade War Won’t Make America Great Again

June 2, 2019

The mercantilists contend that President Donald Trump’s tariffs on imports are to shrink the trade deficit, protect American businesses, and boost exports to the rest of the world. But the latest developments in international commerce show this is not going to plan. Instead, the president’s levies are triggering unintended consequences for several key industries, particularly …

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The Social Security Black Hole Has Arrived

May 14, 2019

The fiscal black hole surrounding Social Security and Medicare had been talked about long before mankind got its first glimpse of the interstellar phenomenon. Like the particles and electromagnetic radiation absorbed in the galactic monster’s path, the American people face an event horizon, a point of no return. Unless drastic actions are taken by good …

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Student Loan Debt for Seniors? It’s Becoming more Common

February 28, 2019

There’s a retirement crisis in America today. The national savings rate is at a putrid 3%, consumer debt levels are hitting all-time highs, and stock portfolios are shedding their value amid the popping market bubble. When you factor in the collapse of public pension systems and Social Security nearing insolvency , it’s going to be …

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Oregon Defies Logic with Statewide Rent Control

February 6, 2019

It is often said by cynical economists and political commentators, usually of the right or libertarian persuasion, that the road to hell is paved with good intentions. There is no more odious and damaging economic policy that comes from the heart than rent control. For years, limiting the cost of living spaces was done at …

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Boston Symphony Sued for “Equal Pay” for Female Flute Player

January 2, 2019

Not even music from the heavens is immune to the laws of economics . It is no secret that public interest in J.S. Bach and Johannes Brahms is diminishing. The older patrons are dying off and the younger generations are about as attracted to classical music as Adina is to Nemorino from L’elisir d’amore. Because …

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The Deprivation of Socialism in the Soviet Union

December 29, 2018

A man walks into a shop and asks, “You don’t have any meat?” “No,” replies the sales clerk, “We don’t have any fish. It’s the store across the street that doesn’t have any meat.” Scenes of food shortages, long lines, and fed up Russians were commonplace in the Soviet Union. Moscow believed it could deliver …

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Abenomics: Fool Me Once

December 1, 2018

Japan’s economy is a lifeless corpse. In the 1990s, Tokyo propped up zombie banks: institutions that are solvent in name only. In the aftermath of the Great Recession, Japan ensured these companies remained open. Today, Prime Minister Shinzo Abe is presiding over a zombie economy, and he thinks he has a solution to inject new …

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European Central Bank In Panic Mode as Economy Stalls

November 10, 2018

The eurozone could not borrow from the momentum of the U.S. economy in the third quarter as economic growth slumped to a tepid 0.2% , the slowest rate in more than four years. With the 19-nation currency bloc beginning to stagnate, and the heavyweights failing to post significant gains, Brussels is in panic mode, likely …

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Trump’s Trade War Threatens Walmart’s Low Prices

October 11, 2018

In 1962, businessman Sam Walton had an entrepreneurial objective in mind: Offer shoppers the lowest prices possible. From forcing US suppliers to slash costs to finding cheap imports abroad, Walmart became an iconic global brand, generating $500 billion in annual revenues because of its ability to enhance the consumer’s purchasing power, enabling the rise of …

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The “Racist Premium” Is Just One Way the Market Punishes Racism

September 13, 2018

In the 1959 Broadway play, A Raisin in the Sun, an impoverished black family uses a substantial insurance payment to purchase a home in an affluent and white neighborhood. Perturbed by the fact that black people would move into their community, a white representative from the area offers to buy the home to prevent them …

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