Tag: Nationalization

Money for Nothing: Inside the Federal Reserve »

I taught Money and Banking for 40 years at Ohio State and before that at Boston College, and never once used a movie in class. However, after viewing Jim Bruce’s new documentary, Money for Nothing: Inside the Federal Reserve last night at the Museum of American Finance, I would not hesitate to use this...
Read More »

Pelosi Caught on Obamacare Lies »

On the November 17th edition of “Meet the Press,” NBC’s David Gregory admirably confronts Nancy Pelosi, having been a key architect and political organizer for Obamacare as House Majority Leader, regarding her June 10, 2009, MSNBC TV-interview statement that, “What we are talking about is affordable, quality, accessible healthcare for all Americans. It’s about...
Read More »

Thinking Is Research, Too! »

Bill Parker, an old friend of mine who died in 2000, was director of graduate studies in economics at Yale for thirteen years. He told me once about his struggles with his colleagues, who, he believed, were spending too much time on technique and not enough time on substance in teaching their courses. The...
Read More »

New Videos Attacking Obamacare Go Viral »

Generation Opportunity has just released two videos, one featuring a woman and one a man, attacking the looming disaster of Obamacare (Patient Protection and Affordable Care Act), which is scheduled to go into effect on October 1st. The ads feature “Creepy Uncle Sam,” performing gynecological and prostate exams on young adults. The ads encourage...
Read More »

Liberalism’s Legacy, Part II »

What is liberalism? By that term I mean the intellectual effort to apologize for and defend economic programs primarily associated with Franklin Roosevelt and Lyndon Johnson. There are four main ones: The substitution of regulation for markets, The substitution of social insurance for private provision, The nationalization of welfare, and The manipulation of the...
Read More »

Why the Precautionary Principle Counsels Us to Renounce Statism »

Propose that the state be replaced by genuine self-government and immediately people come forth with a litany of objections—your proposal is a pipe dream; it is untried; it would never work; it fails to solve problem R and problem S; and so forth. So the objectors, however much they may concede that the state...
Read More »

Classical Liberalism’s Impossible Dream »

I can understand why someone might embrace classical liberalism. I did so myself more than forty years ago. People become classical liberals for two main reasons, which are interrelated: first, because they come to understand that free markets “work” better than government-controlled economic systems in providing prosperity and domestic peace; second, because people come...
Read More »

Krugman Attacks Us »

When Paul Krugman starts attacking us, we know we’re doing something right. John Maynard Keynes’s presumptive heir, Krugman apparently doesn’t like the findings of our recent book edited by Research Fellow David Beckworth, Boom & Bust Banking: The Causes and Cures of the Great Recession, exposing the profound fallacies of Lord Keynes’s love affair...
Read More »

The Bazooka That Doesn’t Kill »

The chairman of the Federal Reserve and the President of the European Central Bank, arguably the two most powerful men in the world right now, have done what many people had been asking for—fire the monetary bazooka that will supposedly obliterate the four-year economic crisis. In Europe, Mario Draghi announced he would buy unlimited...
Read More »

Competition Based on Quality of Healthcare: Why Does Quality Rise in Free Markets and Decline with Government? »

Lack of quality competition is in part the result of certain characteristics of healthcare quality. What we call core quality is not a variable at all. As I discuss in my recent book Priceless: Curing the Healthcare Crisis, it is the result of other decisions made by the providers. Since the vagaries of medical...
Read More »