Despite all of the smiley faces that journalists for the mainstream news media continue to paste on their reports about recent economic developments, the official unemployment rate now verges on 10 percent, and various economic indicators signal a discouraging prospect for the near-term future. Republican partisans, willing to grasp and exploit any passing news that seems to discredit the...
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Independent Institute Senior Fellow Robert Higgs is interviewed on Fox News’ “Freedom Watch with Judge Andrew Napolitano” on how Barack Obama is Herbert Hoover’s true “Progressive” heir as an economic interventionist, corporatist and protectionist. Hoover’s policies caused the Great Depression and Franklin Roosevelt then continued and greatly expanded such policies as his New Deal,...
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