COVID-19 Archives | 2ndLook News

28 Dec

What’s Happened to the US Economy?

Stacia Wilson0 CommentsArticles, EconomicsBRICS, Consumer Price Index, COVID-19, CPI, debt, economics, economy, fed, fiat, fiat currency, fiat money, gold standard, inflation, Inflation Reduction Act, interest rates, just-in-time supply chain model, M1, Milton Friedman, MMT, oil and gas, petroleum, price gouging, recession, supply chain, USD, Wall Street, windfall profits

With inflation reaching the highest rate in 40 years and a recession looming, what happened to the US economy to create this situation, and what can we expect of the future? There are many theories about the causes of inflation. A very basic formula put forth by famed economist Milton Friedman posits that “Inflation is caused by too much money chasing after too few goods.” This article will use Friedman’s formula as a basic framework for looking at the current causes of inflation and then attempt to integrate economic perspectives from various schools of thought, including Modern Monetary Theory (MMT).…

Canada’s Freedom Convoy and the Emergencies Act: A Postmortem

Judith Sears1 CommentArticles, Economics, Government, International NewsCanada, civic order, COVID-19, Emergencies Act, Freedom Convoy, Jim Watson, Justin Trudeau, liberty, mandates, Ontario, protest, Tamara Lich, Trucker Convoy

For three weeks in January and February 2022, a convoy of truckers dubbing themselves the Freedom Convoy shut down parts of downtown Ottawa and some border crossings between Canada and the US. It began as a protest of vaccine mandates and eventually expanded to become a protest of government overreach of all kinds related to COVID-19. The protests significantly interrupted commerce. The Trudeau Administration cited this disruption as justification for declaring a national emergency under the Emergencies Act. With these enhanced powers, the government froze $7.8 million CAD in 201 bank accounts for a little over a week. The flexing…

Fatherland and Life: The Story of Cuban Spirit Against the Regime’s Might

Nick Ramos0 CommentsArticles, International NewsBatista, Bay of Pigs, blockade, capitalism, Castro, communism, COVID-19, Cuba Libre, Cubans, Donald Trump Jr., embargo, Enrique Iglesias, Fidel Castro, Fulgencio Batista, Gente de Zona, Leninism, Marxism, Miami, Miguel Díaz-Canel, Obama, Patria o Muerte, Patria y Vida, SOSCuba, Trump

Beginning on July 11th of this year, Cubans publicly protested against their government for over a week. In response to the unprecedented disobedience by a citizenry that usually does not protest, the Cuban government cracked down. Plainclothes officers, regular police, and the infamous Black Berets special forces patrolled the streets and beat protestors. The forces were supported by military equipment intended to cause fear but also for use if the balance tipped against the government. Cubans had not protested like this in a long time, the last big protest taking place in the ‘90s. However, that was constrained to just…

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