By Robert Higgs | Wednesday December 16, 2009 at 8:58 PM PDT | 17 Comments
“Higgs is just a pessimist”—how often I’ve come across expressions of that sentiment during the past twenty-five years! In certain circles, I have become the butt of jokes – some good-natured, some not – by virtue of my alleged pessimism. Okay, maybe I am somewhat pessimistic. My wife, who is confident that she knows more about...
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Tags: 9/11, American History, Barack Obama, Ben Bernanke, Big Government, Crisis and Leviathan, federal government, government growth, Nobel Peace Prize, Personal Liberty, The State, War in Afghanistan
By William Shughart | at 7:42 AM PDT | 1 Comment
Fresh from his recent White House-sponsored jobs summit, President Obama is pushing a new economic stimulus plan intended to soften the pain of a 26-year-high unemployment rate that sees one in ten Americans out of work. Against all expectations, $200 billion of the money originally appropriated by Congress for bailing out financial institutions under...
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Tags: Budget and Tax Policy, economic stimulus, Fiscal policy, Government subsidies, Jobs summit, Jobs summit; Fiscal policy; Economic stimulus; Keynesianism, Keynesianism