Government Spending
Business & Economics
Did FDR Make the Depression Great?
Robert Murphy demonstrates in this excellent book a penetrating ability to explain the essence of fallacious economic doctrines. As he notes, three theories offer competing explanations of the Great Depression: the Keynesian account, which stresses a lack of aggregate demand; Milton Friedman’s monetarism, which ascribes the severity of the early ...
Business & Economics
The Cost of Cap and Trade
Recently Congress took a break from nationalizing corporations and discussed the Waxman-Markey “cap and trade” bill in which the federal government would auction off permits to businesses giving them legal permission to emit carbon dioxide. During the four days of hearings, one of the most contentious issues was how much ...
Business & Economics
Docket Case: Pennsylvania Tort Reform Advocates V. Critics
Docket Case: Pennsylvania Tort Reform Advocates V. Critics, No. 052009, P.A. (2009). Questions: Is Pennsylvania tort reform necessary? Will the suggested tort reforms offered by the advocates save money, encourage business, and stimulate the economy? Plaintiffs’ (Advocates’) Opening Statement, Exhibits Resting on its laurels. Allowing society to shoulder excessive costs. ...
Business & Economics
Canada’s advantage
As Canada’s experience in the 1990s showed, the path to economic growth lies in shrinking government, not growing it This past weekend, Finance Minister Jim Flaherty encouraged the G20 countries to rapidly implement their stimulus packages, highlighting that his government provided a greater stimulus budget than the G20 countries agreed ...
Business & Economics
The Real Lessons of the Great Depression
Since late 2007, more and more commentators have drawn parallels between our current financial crisis and the Great Depression. Nobel laureates and presidential advisorsDownload PDF confidently proclaim that it was Herbert Hoover’s laissez-faire penny pinching that exacerbated the Depression, and that the American economy was saved only when FDR boldly ...
Agriculture
The ‘credit crunch’: another Great Depression?
In the first part of his essay on the 1930s and today, Sean Collins puts the case for going beyond Keynesianism and monetarism and the obsession with finance to look at the deeper structural problems of capitalism. Last month Christina Romer, chair of the Obama administration’s Council of Economic Advisers, ...
Business & Economics
Blame it on the followers of Keynes
As the United States, Canada and other countries unleash trillions of dollars of economic stimulus packages on the world’s teetering financial system, it may be helpful to recall that the last time governments tried to “fix” the economy with mountains of borrowed money, it ended up making the problem worse. ...
Climate Change
Free Market Energy Experts Doubt Effectiveness of Obama’s Green Jobs Policies
CNSNews.com, March 24, 2009 Lux Libertas, March 24, 2009 Green Being, March 24, 2009 (CNSNews.com) – While President Barack Obama touted a greener future for America on Monday, free-market economists expressed skepticism about the prospects of green jobs and how effective government spending will be for long-term energy policy. The ...
Commentary
Obama administration policies not American
Renew America (Washington, D.C.), March 9, 2009 Part 2–socialized medicine: The end of America as we know it? (See Part 1 — 2/9/09) The just-concluded health care “summit” at the White House was so much window dressing, giving the appearance of hearing from “all sides” before Barack Obama, this nation’s ...
Business & Economics
Nothing Paradoxical About Thrift
To address our current economic woes, classically-minded economists argue that the government should get out of the way and let the market heal itself. They warn that massive government “stimulus” packages only divert resources away from the private sector, thus delaying recovery.1 Keynesian economists say the opposite. They argue that ...
Did FDR Make the Depression Great?
Robert Murphy demonstrates in this excellent book a penetrating ability to explain the essence of fallacious economic doctrines. As he notes, three theories offer competing explanations of the Great Depression: the Keynesian account, which stresses a lack of aggregate demand; Milton Friedman’s monetarism, which ascribes the severity of the early ...
The Cost of Cap and Trade
Recently Congress took a break from nationalizing corporations and discussed the Waxman-Markey “cap and trade” bill in which the federal government would auction off permits to businesses giving them legal permission to emit carbon dioxide. During the four days of hearings, one of the most contentious issues was how much ...
Docket Case: Pennsylvania Tort Reform Advocates V. Critics
Docket Case: Pennsylvania Tort Reform Advocates V. Critics, No. 052009, P.A. (2009). Questions: Is Pennsylvania tort reform necessary? Will the suggested tort reforms offered by the advocates save money, encourage business, and stimulate the economy? Plaintiffs’ (Advocates’) Opening Statement, Exhibits Resting on its laurels. Allowing society to shoulder excessive costs. ...
Canada’s advantage
As Canada’s experience in the 1990s showed, the path to economic growth lies in shrinking government, not growing it This past weekend, Finance Minister Jim Flaherty encouraged the G20 countries to rapidly implement their stimulus packages, highlighting that his government provided a greater stimulus budget than the G20 countries agreed ...
The Real Lessons of the Great Depression
Since late 2007, more and more commentators have drawn parallels between our current financial crisis and the Great Depression. Nobel laureates and presidential advisorsDownload PDF confidently proclaim that it was Herbert Hoover’s laissez-faire penny pinching that exacerbated the Depression, and that the American economy was saved only when FDR boldly ...
The ‘credit crunch’: another Great Depression?
In the first part of his essay on the 1930s and today, Sean Collins puts the case for going beyond Keynesianism and monetarism and the obsession with finance to look at the deeper structural problems of capitalism. Last month Christina Romer, chair of the Obama administration’s Council of Economic Advisers, ...
Blame it on the followers of Keynes
As the United States, Canada and other countries unleash trillions of dollars of economic stimulus packages on the world’s teetering financial system, it may be helpful to recall that the last time governments tried to “fix” the economy with mountains of borrowed money, it ended up making the problem worse. ...
Free Market Energy Experts Doubt Effectiveness of Obama’s Green Jobs Policies
CNSNews.com, March 24, 2009 Lux Libertas, March 24, 2009 Green Being, March 24, 2009 (CNSNews.com) – While President Barack Obama touted a greener future for America on Monday, free-market economists expressed skepticism about the prospects of green jobs and how effective government spending will be for long-term energy policy. The ...
Obama administration policies not American
Renew America (Washington, D.C.), March 9, 2009 Part 2–socialized medicine: The end of America as we know it? (See Part 1 — 2/9/09) The just-concluded health care “summit” at the White House was so much window dressing, giving the appearance of hearing from “all sides” before Barack Obama, this nation’s ...
Nothing Paradoxical About Thrift
To address our current economic woes, classically-minded economists argue that the government should get out of the way and let the market heal itself. They warn that massive government “stimulus” packages only divert resources away from the private sector, thus delaying recovery.1 Keynesian economists say the opposite. They argue that ...
