National Idolatry and Constitution Day »

By federal statute, September 17 is designated as a holy day in the American civic religion. On that day in 1787, the delegates to the Philadelphia Convention affixed their signatures to the document that they had created and that governs us today. The website constitutionday.com encourages public demonstrations of love for the Constitution and...
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The Federal Budget in Plain English »

According to the President’s Office of Management and Budget, the 2016 federal budget looks like this (p. 115): Now let’s pretend this is a household budget by removing eight zeros: Clearly, this family is financially irresponsible, as rising debt and debt-service costs consume the family budget. To continue the analogy with the federal government,...
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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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Inserting the Constitution into the Budget Debate »

In recent weeks, Americans have been debating issues related to the national debt and current budget. One camp calls for higher taxes while the other urges spending cuts (or at least a reduction in the rate of growth). What’s been missing from the debate is any conversation about the appropriate powers of the national...
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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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Robert Higgs on Why Government Is Prolonging the Economic Crisis »

In a new article for the Gannett newspapers, “Is this any way to run a government?”, Chuck Raasch interviews Robert Higgs, Senior Fellow at the Independent Institute and author of the book, Depression, War, and Cold War. With Congress debating a possible shutdown of the federal government, Dr. Higgs discusses why: “The government can...
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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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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 Jason Lewis Show Interviews Emily Skarbek on the Government Cost Calculator »

Dr. Emily Skarbek, Director of the Government Cost Calculator was interviewed on the nationally syndicated radio program, “The Jason Lewis Show” (Premiere Radio Networks). In the program, Dr. Skarbek uses MyGovCost.org to explain the specific effects of rampant government spending on the personal situation for any individual in America. [Audio clip: view full post...
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Regime Uncertainty: Reports Keep Coming In »

Each summer, Wall Street strategist Byron Wien convenes a meeting of high rollers to discuss the outlook for investment. This year’s meeting brought together fifty individuals, including more than ten billionaires. Their expectations, as reported by CNBC, are gloomy: “They saw the United States in a long-term slow growth environment with the near-term risk of recession quite...
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