Tag: Federal Reserve

U.S. Government Debt Is Now at a Once-Unimaginable Level »

Earlier today I was looking through some old records, and I came across a flyer for a symposium in which I participated at Seattle University early in 1990. The flyer announced the symposium topic by asking: “A $3 Trillion National Debt: Does It Matter? What Can We Do About It?” The topic seemed timely…
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Are Falling Prices a Bad Thing? »

Popular opinion seems to be that falling prices — or even stable prices — are bad for the economy, but I’ve never seen any good arguments about why. I’ve just read another article about this, that gives six clearly numbered reasons, so let’s look at what the article says to see if they hold…
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Total National Security Spending Is Much Greater than the Pentagon’s Base Budget »

In a recent publication of the Mercatus Center at George Mason University, “Defense Spending Extends Beyond the Pentagon’s Budget,” Veronique de Rugy presents a valuable compilation of data for fiscal year 2013, showing how much of the government’s national security spending appears not in the base budget of the Department of Defense, but elsewhere…
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Reining in the Fed »

The House of Representatives is currently considering a variety of bills intended to reduce the power of the Federal Reserve System. (“House Republicans Resume Efforts to Reduce Fed’s Power,” New York Times, July 11, Business Section.) Under the pretext of fighting high unemployment, the Fed has more than quadrupled its balance sheet since summer…
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There He Goes Again! »

Midterm elections are looming on the horizon and it therefore should not be surprising that President Obama is in the market for votes to stave off the loss of a Democratic majority in the U.S. Senate or gain a working Democratic majority in the U.S. House of Representatives. An above-the-fold, front-page article in Wednesday’s…
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New Video with Ron Paul: “Defining Liberty: The Future of Freedom” »

How can Americans overcome record government spending and debt, escalating healthcare costs, intrusive federal surveillance, endless wars, ongoing economic malaise, high unemployment, failing schools, and increasing abuses of civil and economic liberties? In this superb, new video from the recent, sold-out event sponsored by The Independent Institute and The Smith Center for Private Enterprise…
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Challenge of Liberty Student Seminars—Application Deadline: March 31 »

The Challenge of Liberty Student Seminars are returning for another exciting season! Thanks to the generous support of donors, we will hold two seminars for college students — one at the University of Denver (June 16–20) and one at the University of California, Berkeley (July 7–11) — and one seminar for high-school students at…
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Stockman: Cronyism Is Destroying American Capitalism and American Democracy »

I’ve recently read David Stockman’s book, The Great Deformation: The Corruption of Capitalism in America. (You can buy it at Amazon, but it’s cheaper at the Mises Institute.) Stockman explains how cronyism has grown throughout the 20th century in America, placing much blame on the Federal Reserve, and describing how businesses have managed to…
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President Obama on Inequality: Rhetoric vs. Reality »

President Obama has recently promoted inequality as a fundamental threat to our way of life, saying, “The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe.” You can read the rhetoric here. Let’s look at…
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The Independent Review—Winter Issue Now Available »

The winter 2014 issue of The Independent Review is hot off the press! This edition of the Independent Institute’s 160-page scholarly journal includes a stimulating mix of timely topics and enduring themes, including a symposium on Nobel laureate economist James M. Buchanan and classical liberalism. Read it and gain a deeper understanding of the…
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