Tag: Depression

FDA Moves Closer to Approving Ecstasy »

The FDA has granted MDMA breakthrough therapy status to expedite the approval process by making it easier for drugmakers to begin clinical trials.

New York Times Columnist Nicholas Kristof: The Military as Socialist Model for America »

In his latest column for the New York Times, “Our Lefty Military,” the iconic “liberal” commentator Nicholas D. Kristof has now come clean on the reality of his own collectivist views that military means and organization embody the “liberal ethos” (“progressivism”), an admission that liberals rarely face up to. While numerous liberal and conservative...
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Robert Higgs on Why Government Is Prolonging the Economic Crisis »

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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Hayek vs. Keynes Rap Video II »

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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Regime Uncertainty: Are Interest-Rate Movements Consistent with the Hypothesis? »

Regime uncertainty has gained increasing recognition as the current economic troubles have persisted with little or no improvement since the economy reached a cyclical trough early in 2009. As described in my 1997 paper, regime uncertainty pertains to the likelihood that investors’ private property rights in their capital and the income it yields will be...
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Robert Higgs on the Consequences of Leviathan-sized Government »

Senior Fellow Robert Higgs is interviewed here by Scott Horton on Antiwar.com Radio, warning those who long for total governmental and economic collapse to be careful what they wish for. Higgs also explains why federal spending cannot continue at the current record levels without a failure of the bond market. He further compares the...
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The Health-Care Reform Act: Que Paso? »

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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“Fear the Boom and Bust”: Hayek vs. Keynes Rap Video »

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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More Evidence of Current Regime Uncertainty? »

In a November 3 article, the Wall Street Journal reports that corporate cash holdings have reached extraordinary levels: Stung by the financial crisis, companies are holding more cash—and a greater percentage of assets in cash—than at any time in the past 40 years. In the second quarter, the 500 largest nonfinancial U.S. firms, by...
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One Man’s Hero Is Another Man’s Goat »

Jack Welch, former Chairman and CEO of General Electric, gives CNBC his opinion of Ben Bernanke: “I think he saved the system, I think he’s a national hero,” Welch said. “I think Bernanke seems to be a guy operating on a clear intellectual framework. This guy’s done a hell of a good job.” Perhaps Bernanke...
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