Capping Federal Medicaid Funding Would Save $110 Billion to $150 Billion in 5 Years »

Arguably more important than repealing and replacing Obamacare, a longstanding Republican proposal to change how Congress finances Medicaid would reduce the burden on taxpayers by $110 billion to $150 billion over five years, according to a new analysis by consultants at Avalere. Currently, state spending on Medicaid is out of control because Medicaid’s traditional...
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Health Spending Slows to a Less Alarming Pace »

Last week’s second estimate of Gross Domestic Product for the second quarter confirms that growth in health spending took a welcome break. Unfortunately, it is not a clear break in the trend of health spending consuming an increasing share of our national income. The second estimate revised the advanced estimate, and the update was...
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A Vulgar Keynesian Visits My Chamber »

I heard a noise that seemed to come from my chamber door. I opened it, and then . . . Deep into that darkness peering, long I stood there wondering, fearing, Doubting, dreaming dreams some Austrians dared to dream before; But recession was unbroken, and the darkness gave no token, And the only words...
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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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The Costs of Federal Bailouts—How much do YOU pay?? »

The Independent Institute’s Senior Fellow William Shughart on Human Events, bringing the real costs of the federal bailouts to YOU. Check out MyGovCost‘s Government Cost Calculator for more!

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 Interview on Growth of Big Brother »

Senior Fellow Robert Higgs talks about his book, Neither Liberty nor Safety: Fear, Ideology, and the Growth of Government, on The Holistic Survival Show with Jason Hartman. Higgs sheds light on the history of institutionalized violence implemented by a bloated federal state, caused by a misguided faith in larger government to ensure a “freedom...
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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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“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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