Tag: political pork

More “Green” Energy Cronyism and Corporate Welfare »

The New York Times reports in “A Gold Rush of Subsidies in Clean Energy Search” that NRG Energy is receiving nearly $1.6 billion in government subsidies for its new compound in California of almost one million solar panels. The Times further notes that: Similar subsidy packages have been given to 15 other solar- and...
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Robert Higgs Speaks on the U.S. Government’s Ethanol Scam »

Here is Independent Institute Senior Fellow Robert Higgs speaking on “Ethanol Subsidies Have Many Bad Consequences,” from the Mises Circle seminar, “Agricultural Subsidies: Down on the D.C. Farm,” held May 14th in Indianapolis. [Audio clip: view full post to listen] Download audio file (27:51 minutes) Please also see the following books: Plowshares & Pork...
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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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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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Robert Higgs Interviewed: The Expanding Pork for Military Pay and Towns »

Independent Institute Senior Fellow Robert Higgs is interviewed by Scott Horton of Antiwar Radio on the widening gap between public and private sector pay, the increasing affluence of military towns compared with others, the disappearance of traditional checks on government power, and the predation and incremental “ratchet effect” of expanding governmental powers that increase...
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Too Much Research »

A controversial piece in last month’s Chronicle of Higher Education,, “We Must Stop the Avalanche of Low-Quality Research,” argues that “the amount of redundant, inconsequential, and outright poor research has swelled in recent decades, filling countless pages in journals and monographs.” The five authors, representing a variety of academic disciplines, point to increases in...
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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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The Onion: Congressmen Demand Passage of “The IHOP Should Stay Open All Night Act” »

Here is The Onion-SPAN2 satirically reporting on a “hearing” for the emergency bill H.R. 323 (under the provisions of the National Emergency Legislation Act) that has been proposed by a bipartisan group of congressmen, “The IHOP Should Stay Open All Night So That We Can Get Some Pancakes Act.” Submitted the previous night at...
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Robert Higgs Debates James Galbraith on Obamanomics »

Independent Institute Senior Fellow Robert Higgs debates James Galbraith (Professor of Economics, University of Texas; son of infamous, “liberal”, Keynesian economist John Kenneth Galbraith) on Antiwar Radio regarding the folly of government bailouts for insolvent banks, creation of the Glass-Steagall Act as a means to prevent FDIC insured banks from taking excessive risks, benefits...
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The “Unintended” Consequences of “Cash for Clunkers” »

News reports suggest that the Obama administration’s “Cash for Clunkers” program has been an unalloyed success. Eligible for a rebate of up to $4,500 if they trade in their old (but not too old) gas-guzzlers, it is not surprising that the owners of qualifying vehicles have rushed to their local auto dealers to claim...
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