Throughout the COVID-19 pandemic, the Federal Reserve Bank and Congress have taken unprecedented steps to stabilize the economy after entire industries and sectors ground to a halt last year amidst the public health crisis. The Fed has kept interest rates near zero, created lending programs to pump trillions of dollars into the economy, and bought…

Commentary After reviewing my ranking of Orange County cities based on their per capita unrestricted net positions, a resident approached his city council for an explanation. He was informed, in writing, that it is just “a single indicator of the financial health of a city.”  This is true. It is a temperature gauge. And since…