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...
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 »

News Item: Nearly 100 Banks Benefiting from TARP Are on the Brink of Collapse »

According to the Wall Street Journal’s Michael Rapoport (“Bailed-Out Banks Slip toward Failure”, 12/27/2010, p. C1), 98 U.S. financial institutions, which collectively were granted $4.2 billion in handouts under Washington’s Troubled Asset Relief Program (TARP), are in danger of going belly-up. The commercial banks imminently in peril, such as the Legacy Bank of Milwaukee...
Read More »

New York Times Finally Gets It: “Let Housing Prices Fall!” »

The New York Times finally gets what we on the “free market “fringe” have said from the beginning (under Bush and now under Obama): Housing subsidies, easy credit, bribing banks to refinance those “under water,” and–even worse–extending “first-time homeowner” programs to the nth degree just doesn’t work! Artificial stimulation of housing caused this bubble....
Read More »

Affordable Housing »

Five years ago, as the housing bubble was ramping up, affordable housing was a big issue. Today, as housing prices have fallen after the bubble burst, I may be one of the few people who thinks housing prices are still too high. [Also see the recent book, Housing America: Building Out of a Crisis.]...
Read More »

Can the Dead (Capitalism) Be Brought Back to Life? »

I pose this question seriously, not as a physiologist, but as an economic historian. I am provoked to raise the question by an advertisement that Amazon sent me recently, calling my attention a book titled Can Capitalism Survive? Creative Destruction and the Future of the Global Economy. Seeing this sales pitch, my immediate reaction...
Read More »

More on the Climate Government-Industrial Complex »

To follow up on my earlier posting, “The Climate-Industrial Complex,” award-winning meteorologist Brian Sussman has a helpful, new article at American Thinker, “Carbon Cronyism: Why Cap-and-Trade Is Not Dead Yet.” Author of the new book, Climategate: A Veteran Meteorologist Exposes the Global Warming Scam, Sussman details some of the key, interlocking business and government...
Read More »

Billionaire Entrepreneur Complains of Regime Uncertainty »

Speaking to CNBC in Las Vegas recently, Steve Wynn, the billionaire developer and operator of entertainment properties, said: “Washington is unpredictable these days. No one has any idea what’s next . . . the uncertainty of the business climate in America is frightening, frightening to everybody, and it’s delaying recovery.” Wynn complains of “wild,...
Read More »

Financial Reform: Bigger Government, for the Benefit of Special Interests »

In 1971 George Stigler published his “Theory of Economic Regulation” in which he hypothesized that regulatory agencies tend to be “captured” by the organizations they are regulating, so that the regulated organizations benefit at the expense of the general public. Stigler’s capture theory of regulation is playing itself out again in the financial market...
Read More »

Robert Higgs’s Recent Interview by Libertad Digital (here in English) »

I was interviewed recently by Angel Martin for Libertad Digital, an interesting Spanish website. The interview was posted today. Topics discussed include the recent financial debacle, the current recession, the government’s recent policy actions, and several related, more general subjects, such as “regime uncertainty” and U.S. foreign policy. For those who might be interested...
Read More »

  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org