In an article in the December 2008 issue of GlobeAsia, economist Steve Hanke quotes Senior Fellow Robert Higgs and references Dr. Higgs’s monumental Independent Institute book, Depression, War and Cold War, to show how federal government policies created, deepened and prolonged the Great Depression, killing off the chances for recovery until after World War...
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Ronald Reagan was no economist, but his economic logic was impeccable when he declared, “If you want more of something, subsidize it; if you want less of something, tax it.” So, as the current recession deepens and the rate of unemployment rises, we might have confidently predicted that Congress, in its infinite compassion for the...
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Over at Organizations and Markets, co-blogger Peter Klein has posted a game card for Bailout Bingo. Here’s my (probably unwinnable) version: check off one of these every time you hear them or see them mentioned in the national news. Special Privilege Credit Crunch Working together Yes We Can Hard-working Americans Related Industries Moocher Pain...
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