Tag: Great Recession

Lehman Brothers and the 2008 Financial Panic: Learning the Right Lessons »

The U.S. government and Federal Reserve caused the crisis, and since 2008 their actions have set us up for an even bigger calamity.

The Golden Retriever Index »

Happy days are indeed here again!

How Occupy Wall Street Nearly Scuttles Hell or High Water »

Hell or High Water, one of the most talked about films of 2016, is billed as a modern-day western, “heist crime,” or Bonnie and Clyde. A contemporary western is more apt, and its excellent acting, steady pace, tight story and screenplay will likely make it an Oscar contender. The film also makes me yearn...
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The Big Short’s Oscar Win and Capitalism in Film »

My blogging colleague Bob Murphy did a nice job of reviewing The Big Short in January, but the film is worth revisiting in light of its Academy Award win for best adapted screenplay. Nominated for five awards, including Best Picture and Best Director, with fine acting by all the principals in the star-studded cast,...
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Democrats and Republicans to Blame for Public Pension Crisis »

I’ve appeared on more than 70 television and radio talk shows coast-to-coast in the past three months to discuss my new book California Dreaming: Lessons on How to Resolve America’s Public Pension Crisis. One common question has been: “Aren’t Democrats responsible for creating the unfunded public pension debt by over-promising pension benefits?” My answer,...
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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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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...
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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...
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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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Fight of the Century: Keynes vs. Hayek Rap Video Round Two »

“Fight of the Century: Keynes vs. Hayek Round Two” is the superb and very timely sequel to the phenomenally successful and insightful, rap video pitting the views of macroeconomist John Maynard Keynes against those of Austrian School economist Friedrich A. Hayek, “Fear the Boom and Bust.” The original has attracted to date more than...
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