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It’s Called Recovery, but Where’s the Beef? »

Many economists and other analysts have recognized that the recovery from the U.S. economy’s most recent contraction has been unusually weak—weaker, for example, than any other since World War II. But analysts have disagreed in characterizing the current recovery, which according to the National Bureau of Economic Research, the semi-official arbiter of business-cycle chronology,...
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The Continuing Puzzle of the Hyperinflation that Hasn’t Occurred »

Since late December 2008, the bank prime lending rate—the interest rate banks charge their best corporate customers—has remained steady at 3.25 percent. Meanwhile, during the same period, the excess reserves that commercial banks hold at the Fed have increased from $2 billion in August 2008 to $1,513 billion in May 2011. Ordinarily, one would have expected...
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Obama “Stimulus” Protected 450,000 Government Jobs, Destroyed One Million Private Jobs »

In their new study, “The American Recovery and Reinvestment Act: Public Sector Jobs Saved, Private Sector Jobs Forestalled,” economists Timothy Conley (University of Western Ontario) and Bill Dupor (Ohio State University) present their empirical findings of the economic impact on employment of the 2009 Obama stimulus package of $787 billion, entitled the American Recovery...
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Emily Skarbek Is Interviewed on the Government Cost Calculator on Reason TV »

Independent Institute Research Fellow Emily Skarbek is interviewed here by Nick Gillespie of Reason TV regarding the Institute’s very timely and far-reaching Government Cost Calculator. The Calculator enables any American to clearly understand three aspects of federal government spending. First, the Calculator helps you determine how much a person will pay for various federal...
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Skarbek and Shughart Interviewed on Budget & Tax News Podcast »

MyGovCost.org Director and Independent Research Fellow Emily Skarbek was a guest on the Heartland Institute’s Budget & Tax News podcast. Click to listen to her commentary on the roots of our current spending crisis, what’s at stake in the Congressional budget war, and how to use the Institute’s very timely and user-friendly Government Cost...
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Politics and Government “Investment” »

I hope that you are as tired as I am of hearing politicians trot out the term “investment” to justify spending the taxpayers’ money on such things as high-speed rail, “green” energy alternatives to fossil fuels, innovative R&D projects and highways, more widespread Internet access and other so-called infrastructure. The public sector does not...
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Numbers to Settle Debates: Three Cool Sites »

For handy reference, three of my favorite sites: http://www.usdebtclock.org/ (current data) http://www.usgovernmentspending.com/ (historical comparison are more shocking). I blogged about this site here. And, of course, http://www.mygovcost.org/ (Government Cost Calculator)

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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MyGovCost.org Director Emily Skarbek Talks Tax Cuts and the Government Cost Calculator »

[Audio clip: view full post to listen] Download mp3 file. The Government Cost Calculator is a project of the Independent Institute’s Center on Entrepreneurial Innovation. To find out what Washington’s spending spree is costing you, please go here!

There’s “Hope” for Reducing the Federal Debt »

A Fox News report broadcast on November 28 supplies means of stanching the unprecedented effusion of budgetary red ink overseen by presidents George W. Bush and Barack Obama. In that report, talking-head Chris Wallace interviewed Jeffrey Post, curator of the gem and mineral collection at the Smithsonian Institution’s Museum of Natural History. The story...
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