Government Spending
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 ...
Business & Economics
True cost of stimulus? Higher taxes
President Barack Obama is scheduled to place his signature Tuesday on the $787 billion economic stimulus bill. Unfortunately, the cost of debt and future taxes required to finance the stimulus largesse have largely been ignored to date. Putting aside the issues of whether you support a stimulus, whether any stimulus ...
Business & Economics
Obama Stimulus Not Necessary, as This Is No Great Depression
Milton Friedman had a rule: Increases or decreases in the money supply take six to nine months to alter economic output and as much as two years to move prices. As the Senate takes up the president’s stimulus package, the administration argues that, to avert another Great Depression, it is ...
Business & Economics
Expand Economic Freedom in 2009
The onset of 2009, with a new president taking office, is a good time to reconsider the benefits of economic freedom. Contrary to what partisans of big government claim, the empirical case for economic freedom has grown much stronger in the last 10 years, due to the development of objective ...
Commentary
Health-care budget realities
Before President-elect Barack Obama attempts to overhaul America’s health-care system and put us on the road toward “universal” coverage, he should have a chat with his new budget director, Peter Orszag. As former head of the Congressional Budget Office (CBO), the agency responsible for estimating the cost of federal legislation, ...
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 ...
True cost of stimulus? Higher taxes
President Barack Obama is scheduled to place his signature Tuesday on the $787 billion economic stimulus bill. Unfortunately, the cost of debt and future taxes required to finance the stimulus largesse have largely been ignored to date. Putting aside the issues of whether you support a stimulus, whether any stimulus ...
Obama Stimulus Not Necessary, as This Is No Great Depression
Milton Friedman had a rule: Increases or decreases in the money supply take six to nine months to alter economic output and as much as two years to move prices. As the Senate takes up the president’s stimulus package, the administration argues that, to avert another Great Depression, it is ...
Expand Economic Freedom in 2009
The onset of 2009, with a new president taking office, is a good time to reconsider the benefits of economic freedom. Contrary to what partisans of big government claim, the empirical case for economic freedom has grown much stronger in the last 10 years, due to the development of objective ...
Health-care budget realities
Before President-elect Barack Obama attempts to overhaul America’s health-care system and put us on the road toward “universal” coverage, he should have a chat with his new budget director, Peter Orszag. As former head of the Congressional Budget Office (CBO), the agency responsible for estimating the cost of federal legislation, ...
