Tag: economic stimulus

High-Speed Rail and the Poverty of Obamanomics »

Hard on the heels of his speech to the U.S. Chamber of Commerce, in which he jawboned the owners of private businesses to increase hiring in return for federal tax breaks and other subsidies, President Obama has included in his budget request for fiscal year 2012 a proposal to make a $8 billion down...
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Inflation-Targeting versus Fiscal Stimulus »

In the run-up to President Obama’s “State of the Union” address this evening, the nation’s monetary and fiscal policymakers seem, as often is true, to be working at cross-purposes. According to reports published in The Wall Street Journal yesterday (January 24, 2011), Chairman Ben Bernanke at long last has concluded that the Fed should...
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Dr. Emily Skarbek Talks about the Government Cost Calculator on Taking Back America »

Dr. Emily Skarbek, Director of the Independent Institute’s Government Cost Calculator was interviewed on the nationally syndicated, web, radio blog, “Taking Back America”. During the interview, Dr. Skarbek uses MyGovCost.org to explain the specific effects of rampant government spending for any individual in America. Dr. Skarbek illustrates how an individual can find out what...
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Homebuyer Tax Credit: Debt Financed Public Policy »

As expected by many economists, the Homebuyer Tax Credit did little to nothing to encourage new home purchases and only shifted the purchase of new homes from May to April. Howard Gleckman over at the Tax Policy Center reports on the waste and fraud afforded by deficit financed public policy of this sort, noting...
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Robert Higgs Interviewed: Government’s Intrusions Threaten Economy »

Independent Institute Senior Fellow Robert Higgs is interviewed on “Government’s Intrusions Threaten Economy.” Interviewed by Steve Stanek of the Heartland Institute, Dr. Higgs explains that the government’s growing intrusions into the economy—bank bailouts, economic stimulus, interest rate manipulations and credit expansion by the Federal Reserve, increased business regulations—could eventually lead to soaring price inflation...
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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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Another $50 Billion Stimulus Rush? »

Fresh from his recent White House-sponsored jobs summit, President Obama is pushing a new economic stimulus plan intended to soften the pain of a 26-year-high unemployment rate that sees one in ten Americans out of work. Against all expectations, $200 billion of the money originally appropriated by Congress for bailing out financial institutions under...
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Obama’s Stimulus Credibilty Gap on Unemployment »

The House Republican Conference has just released the following graph on the unemployment effects of Barack Obama’s “stimulus” package: Also, please see the following, award-winning Independent Institute book: Out of Work: Unemployment and Government in Twentieth-Century America, Updated Edition By Richard K. Vedder and Lowell E. Gallaway, Foreword by Martin Bronfenbrenner (New York University...
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Man-Bites-Dog Story: A Politician Speaks the Truth »

Testifying today before the House Financial Services Committee, Fed Chairman Ben Bernanke took some well-deserved flak for the Fed’s power-grasping attempt to gain even greater control over the nation’s financial institutions. People who have progressed beyond Political Science 101 understand, of course, that congressional hearings are rarely anything more than propaganda theater. From time to time, however, the unfathomable human element bursts...
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Crony Capitalism »

News item: Goldman Sachs surprised even optimistic analysts with a $3.44 billion profit for the three months to June, almost 90% more than the previous quarter. Profits were also up at JP Morgan Chase, which announced second-quarter profits of $2.7 billion on July 26th, which were 36% higher than a year ago. (“The World...
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org