Illinois is the First Entity to Borrow from the Fed’s New Facility. But “Insolvent” Entities Are Not Supposed to be Eligible

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A combustible mix of fiscal and monetary policy. By Bill Bergman, Director of Research, Truth in Accounting: On April 9, amidst plunging economic conditions, the Federal Reserve announced a set of lending policy initiatives that included a new “Municipal Liquidity Facility” for state and local governments. For legal authority, the Fed cited the emergency lending provisions in section … Read more

What Are the Unintended Consequences of the Stimulus/ Fed Money Printing?

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 by The Phoenix The #1 thing investors need to be thinking about today are “unintended consequences.” Everyone knows that the Fed has flooded the financial system with liquidity. This liquidity, combines with what appears to be a “V” shaped recovery in the economy, is what propelled stocks to go straight up from the March lows. As I write … Read more

Defund the BBC:

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James Yucel, Director of the Defund the BBC Campaign speaks to talkRADIO’s Dan Wootton about his newly launched campaign. He told Dan the campaign was started out of frustration and “completely on a whim”, saying the sole aim of the campaign is to “ultimately scrap the BBC licence fee”. He told Dan “I’ve got many … Read more

ASS KISSING DEMS CAN’T WIN: Democrats criticized for wearing Kente cloth stoles in honor of George Floyd

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Congressional Democrats wore stoles made of Kente cloth during a moment of silence for George Floyd, drawing criticism from observers who felt they made the traditional African textile into a political prop. About two dozen Democratic lawmakers, including House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer, knelt for eight minutes and 46 seconds … Read more

Democrats in a panic trying to stop calls for defunding police.

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Presumptive Democratic presidential nominee Joe Biden and Democratic leaders on Capitol Hill are quickly shutting down calls to defund police departments as the party grapples with how to respond to demands for reforms in the wake of George Floyd’s death. The idea is splintering black activists and some prominent progressive lawmakers from Biden and top congressional Democrats … Read more

NY Police Union Boss Mike O’Meara: “Stop treating us like animals and thugs, and start treating us with some respect! — We’ve been vilified. It’s disgusting.”… “Our legislators abandoned us. The press is vilifying us. It’s disgusting.”

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https://twitter.com/Breaking911/status/1270440830998925312 AMAZING SPEECH by NYPD: “New York police union reps hold press conference” – Passionate protest by NYPD frustrated with leaders taking a knee.

Protests Be Damned, Tennessee To Approve A State Police Highway Surveillance Program

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by mapi credit:TrafficVision This story proves just how little police care about protests taking place across the country. What started out as the “Electronic Monitoring Indigency Fund” (EMIF) or “DUI Monitoring Fund” has been transformed into a Kafkaesque, Tennessee state police highway surveillance program. Originally the EMIF provided financial reimbursement to installers to cover the costs by indigent … Read more

We’re in a very odd situation right now in terms of evaluating the state of the economy…

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Bob Murphy and Ryan McMaken via Mises Editor’s Note: We keep hearing from the Fed’s defenders that the current spate of new stimulus and bailouts from the central bank are really not a big deal and are all very prudent and moderate. I asked Senior Fellow Bob Murphy to provide some much needed perspective. Ryan McMaken: We’re in a very odd situation … Read more