As COVID-19 began raging, people all throughout the world spent tremendous effort thinking about how fast the virus might spread, how mass infections would strain our hospitals, and how many of us might die. Politicians and experts told us that if we did nothing, COVID-19 would kill millions.
In this video, Prof. Antony Davies, from Duquesne University, explains the cost of lockdowns in the United States, both in terms of economic and human life loss. The Congressional Budget Office claims that the cost of shutting down the economy in addition to approved relief packages is around 15 trillion US dollars. But when we think of this gigantic figure and contrast it with the estimated number of deaths caused by COVID-19, we have to ask ourselves: was this the best use of funds?
You will see and feel how all of these numbers and arguments translate into reality in this exclusive and interactive 360° video.
Remember the mid-2000s housing crash that wiped out homeowners? Well, there’s another bubble getting ready to pop, and this one’s in student debt. Prof. Antony Davies explains.
Myth 1 is that the government owes “only” $20 trillion. (In reality, it’s much more.) But luckily, Myth 10 is that there’s no way to fix this problem…
Once again, the United States government is rapidly approaching a fiscal debt ceiling. After March 16, 2017, Uncle Sam is not legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit like it has every time in the past. Uncle Sam’s debt has been growing […]
The Congressional Budget Office (CBO) recently released the “The Budget and Economic Outlook: 2017 to 2027.” This annual report provides the federal government’s most comprehensive analysis of the current state of federal spending, taxes, and debt. It also provides a framework within which to analyze the President’s budget proposal and upcoming Congressional legislation. The news is […]
The defense budget is about to balloon again, but there’s no reason to assume we need more military spending.