Tag: Employment

Goldwater Was Right about the Dangers of “Big, Inflationary Government” »

In Sen. Barry Goldwater’s 1964 campaign ad against big government, the narrator warns a young boy who’s parking his bike at grandma’s house, “Don’t look now young man, but somebody has his hand in your pocket. It’s the hand of big government. It’s taking away about four months pay from what your daddy earns...
Read More »

Counsel of Despair? »

Over the years, I have heard many people say that the government’s adoption of a laissez-faire stance during a business recession or depression amounts to “do-nothing government”—the unstated assumption always being that it is better for the government to “do something” than to do nothing. Recommending such a hands-off stance is often described as...
Read More »

Student Loan Forgiveness: Bread and Circuses for the 21st Century »

In late June Congress acted to freeze the interest rate on certain college loans at 3.4 percent for an additional year, claiming this move would help make college more affordable. Of course, a relative handful of college students saving a few dollars each month doesn’t translate into college affordability—and the Obama administration knows it....
Read More »

Individual Career Choices, Not Government Quotas, Should Define the Next 40 Years of Title IX »

This month Title IX turned 40. Part of the 1972 Education Amendments, Title IX prohibits gender discrimination in federally supported educational programs and activities. Sexual harassment and college athletics typically receive the most attention; however, Title IX covers several additional key areas, including higher education access. Today, the academic focus is shifting to the...
Read More »

Groundbreaking New Book: Priceless: Curing the Healthcare Crisis, by John C. Goodman »

We are very pleased to announce the publication of our very timely, widely acclaimed, and compelling, new book on how to get beyond partisanship and special-interest politics to resolve one of biggest issues facing us today, Priceless: Curing the Healthcare Crisis by our Research Fellow John C. Goodman. Dr. Goodman is the renowned, free-market,...
Read More »

With No Hope for Change, Obfuscate! »

With every Keynesian trick having failed to bring the economy out of its post-meltdown Great Recession, and having apparently concluded that there’s no more conjuring they can do to improve it before the election, President Obama’s re-election strategists look to be latching firmly onto social issues. Really? In an era of continuing depression-level unemployment...
Read More »

Economists Testify on Federal Reserve Before House Committee Chaired by Ron Paul »

On May 8th, five economists, including our Research Fellow Peter Klein, appeared in testimony before the U.S. House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Congressman Ron Paul. The panelists included two economists from the Austrian School, two Keynesians, and one monetarist: Peter G. Klein, Research Fellow, The Independent...
Read More »

Cessation of Labor Force Growth since 2008 »

The United States has a long history of population growth and concomitant labor force growth. As the chart below shows, the number of men in the civilian labor force (men either working in paid employment or actively seeking work) increased fairly steadily over the past half-century—at least, until the onset of the current recession. For the...
Read More »

Reasons to Rethink Electric Cars »

Here are a few good reasons to think about just how much more federal money ($5 billion and counting) should be poured into subsidizing electric cars: A new study from the University of Tennessee finds that electric cars cause worse pollution in China than standard gas-burning cars. The bottom line is that one has...
Read More »

Short-term Employment Changes in Longer-term Perspective »

Many commentators have noted in recent years that Americans have been leaving the labor force. Their departure has made interpretation of unemployment statistics more difficult, and because the Bureau of Labor Statistics (BLS) publishes six variants of the unemployment rate, considerable debate has occurred about the “real” rate of unemployment. Much of this confusion can...
Read More »