By David J. Theroux | Thursday March 17, 2011 at 10:12 PM PDT | 3 Comments
In a new article for the Gannett newspapers, “Is this any way to run a government?”, Chuck Raasch interviews Robert Higgs, Senior Fellow at the Independent Institute and author of the book, Depression, War, and Cold War. With Congress debating a possible shutdown of the federal government, Dr. Higgs discusses why: “The government can...
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Tags: and Cold War, Bailouts, Barack Obama, Budget and Tax Policy, Business, Chuck Raasch, Congress, crises, Depression, Disaster Management, Economics, Employment, entitlements, Gannett, Government subsidies, Great Depression, Great Recession, Independent Institute, Money and Banking, National Debt, Obamanomics, Politics, Power, Rahm Emanuel, regime uncertainty, Regulation, Taxation, The State, War, World War II
By David J. Theroux | Wednesday November 3, 2010 at 10:36 PM PDT | 0 Comments
First performed publicly last week in New York at The Economist‘s conference, The Buttonwood Gathering, here is the sequel to the sensational rap video pitting the economic ideas of Austrian School economist F.A. Hayek against those of interventionist John M. Keynes. The original video, “Fear the Boom and Bust,” has had more than 1.5...
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Tags: and Cold War, Austrian School of Economics, Barack Obama, Books, Budget and Tax Policy, Depression, Economics, F. A. Hayek, Fear the Boom and Bust, Federal Reserve, Free Market, free market economics, George W. Bush, Government subsidies, Great Depression, Inflation, John M. Keynes, Jr., Kevin Dowd, Keynesian economics, Liberty, Media, Money and Banking, Power, Richard H. Timberlake, Robert Higgs, Socialism, The Economist, The State, Unemployment, Video, War
By Robert Higgs | Tuesday March 23, 2010 at 7:00 PM PDT | 16 Comments
What has this gargantuan statute wrought? To this question, there can be only one answer: Nobody knows. I am being quite serious: no single human being knows ― no one can know ― what provisions the statute’s more than 2,000 pages contain. Even if someone had the power to read and remember everything in...
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Tags: and Cold War, Budget and Tax Policy, Business, Corporatism, Depression, Economics, Government subsidies, Healthcare, Insurance, Law, Medicare, Nationalization, Obamacare, Politics, Regulation, Robert Higgs, socialized medicine, The State, War
By David J. Theroux | Tuesday January 26, 2010 at 1:21 PM PDT | 5 Comments
Here is a splendid and insightful, new rap video pitting the ideas of Nobel Laureate, Austrian School economist Friedrich A. Hayek against those of Lord John Maynard Keynes. As Hayek has shown, economic crises of boom and bust are created by governments that expand credit through central banks, creating unsustainable bubbles that ultimately crash....
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Tags: aggregate demand, American History, and Cold War, animal spirits, Bailouts, Books, broken window, bubble, Budget and Tax Policy, Business, Corporatism, Depression, economic stimulus, Economics, Federal Reserve, Free Market, Friedrich A. Hayek, General Theory, government spending, Government subsidies, Great Depression, Inflation, John Maynard Keynes, Labor, liquidity trap, macroeconomics, malinvestments, Money and Banking, no free lunch, Obamanomics, paradox of thrift, public works, real savings, recession, Robert Higgs, sticky wages, Taxation, The State, underconsumption, Unemployment, Video, War