Inflation
Business & Economics
Hayek Tells Bill Buckley That Even Keynes Was Afraid of the Keynesians
Last month Bob Roddis caused a stir when he made available the audio recording of Hayek’s 1975 “Meet the Press” appearance. Well Roddis has done it again. He has provided me with this recording (mp3) of Hayek on Bill Buckley’s Firing Line. Buckley asks Hayek about the popularity of Keynesianism, ...
Agriculture
California’s Newest Chronic Disease: “Preventionitis”
A major driver of health costs over the last couple of decades is chronic illness such as diabetes and heart disease. It’s time to add another chronic ailment to the list: “preventionitis.” Because much chronic disease is associated with bad lifestyle choices, many succumb to the utopian delusion that investment ...
Business & Economics
Did the Fed, or Asian Saving, Cause the Housing Bubble?
Ludwig von Mises Institute, November 19, 2008 Just about the only good thing to come out of the housing bubble is that many financial analysts are coming to see the virtue of the Austrian theory of the business cycle. Specifically, though Greenspan did his best to blame deregulation and foreigners ...
Agriculture
Preventionitis: American Health Care’s Chronic Utopian Delusion
Chronic illness is often identified as a culprit responsible for high health costs. By chronic illness, we usually mean diabetes, heart disease, etc. It’s time to add another chronic ailment to the list: “preventionitis”. This is the utopian delusion that investment in “prevention” – eating better, exercising more, quitting smoking, ...
California
California Governor Plans to Wield Veto Pen
Health Care News (Heartland Institute), November 1, 2008 California Gov. Arnold Schwarzenegger (R) is expected to veto several bills passed by the state legislature, even though the measures are similar to a sweeping health care plan he proposed but failed to get through the General Assembly earlier this year (“California ...
Commentary
Grading Obama
Lance T. Izumi, a senior fellow in California studies and the senior director of education studies at the Pacific Research Institute for Public Policy, is the co-author of the book “Not as Good as You Think: Why the Middle Class Needs School Choice.” (Full biography.) The federal No Child Left ...
Commentary
Costing Out California’s Global Warming Solutions Act
On Sept. 17, the California Air Resources Board released an economic analysis of their own implementation scheme for AB 32, the Global Warming Solutions Act of 2006. The analysis said, “not only will the economy grow by a similar amount as we move toward 2020, but it will grow at ...
Commentary
Obama health plan would worsen flaws
Obama’s plan would put an even larger slice of health services under price controls – which inevitably lead to shortages Barack Obama recently announced a two-pronged plan to help small businesses cope with the rising cost of health insurance. First, his proposal would institute a refundable tax credit to offset ...
Business & Economics
Federal Reserve Employs Tools to Ease Credit Fears
JIM LEHRER: This day in the financial crisis began with the Federal Reserve. It took the unprecedented move to buy short-term debt to thaw out frozen credit markets. Fed Chairman Ben Bernanke laid out just how bad those conditions are during a speech today. BEN BERNANKE, Federal Reserve Chairman: Even ...
Blackouts
The Credit Crunch is a Network Failure
Dr. John Rutledge Blog, September 30, 2008 My friend Sonia Arrison, the technology wizard at Pacific Research Institute, asked me to give her my current thinking about how to analyze the current credit crunch as a cascading network failure, a subject I wrote about in Chapters 6 and 7 of ...
Hayek Tells Bill Buckley That Even Keynes Was Afraid of the Keynesians
Last month Bob Roddis caused a stir when he made available the audio recording of Hayek’s 1975 “Meet the Press” appearance. Well Roddis has done it again. He has provided me with this recording (mp3) of Hayek on Bill Buckley’s Firing Line. Buckley asks Hayek about the popularity of Keynesianism, ...
California’s Newest Chronic Disease: “Preventionitis”
A major driver of health costs over the last couple of decades is chronic illness such as diabetes and heart disease. It’s time to add another chronic ailment to the list: “preventionitis.” Because much chronic disease is associated with bad lifestyle choices, many succumb to the utopian delusion that investment ...
Did the Fed, or Asian Saving, Cause the Housing Bubble?
Ludwig von Mises Institute, November 19, 2008 Just about the only good thing to come out of the housing bubble is that many financial analysts are coming to see the virtue of the Austrian theory of the business cycle. Specifically, though Greenspan did his best to blame deregulation and foreigners ...
Preventionitis: American Health Care’s Chronic Utopian Delusion
Chronic illness is often identified as a culprit responsible for high health costs. By chronic illness, we usually mean diabetes, heart disease, etc. It’s time to add another chronic ailment to the list: “preventionitis”. This is the utopian delusion that investment in “prevention” – eating better, exercising more, quitting smoking, ...
California Governor Plans to Wield Veto Pen
Health Care News (Heartland Institute), November 1, 2008 California Gov. Arnold Schwarzenegger (R) is expected to veto several bills passed by the state legislature, even though the measures are similar to a sweeping health care plan he proposed but failed to get through the General Assembly earlier this year (“California ...
Grading Obama
Lance T. Izumi, a senior fellow in California studies and the senior director of education studies at the Pacific Research Institute for Public Policy, is the co-author of the book “Not as Good as You Think: Why the Middle Class Needs School Choice.” (Full biography.) The federal No Child Left ...
Costing Out California’s Global Warming Solutions Act
On Sept. 17, the California Air Resources Board released an economic analysis of their own implementation scheme for AB 32, the Global Warming Solutions Act of 2006. The analysis said, “not only will the economy grow by a similar amount as we move toward 2020, but it will grow at ...
Obama health plan would worsen flaws
Obama’s plan would put an even larger slice of health services under price controls – which inevitably lead to shortages Barack Obama recently announced a two-pronged plan to help small businesses cope with the rising cost of health insurance. First, his proposal would institute a refundable tax credit to offset ...
Federal Reserve Employs Tools to Ease Credit Fears
JIM LEHRER: This day in the financial crisis began with the Federal Reserve. It took the unprecedented move to buy short-term debt to thaw out frozen credit markets. Fed Chairman Ben Bernanke laid out just how bad those conditions are during a speech today. BEN BERNANKE, Federal Reserve Chairman: Even ...
The Credit Crunch is a Network Failure
Dr. John Rutledge Blog, September 30, 2008 My friend Sonia Arrison, the technology wizard at Pacific Research Institute, asked me to give her my current thinking about how to analyze the current credit crunch as a cascading network failure, a subject I wrote about in Chapters 6 and 7 of ...
