Tag: Crisis and Leviathan
Presidential Role Model
On this President’s Day weekend, let us commemorate the record of the best president in U.S. history: John Tyler. A random poll of Americans would draw mostly puzzled looks at the name, but according to Independent Institute Senior Fellow Ivan Eland, in his 2009 ranking of the presidents, Recarving Rushmore, this 10th U.S. president...
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Great Depression, Round Two? Senior Fellow Robert Higgs on The Peter Schiff Show
[audio:2010_11_29_higgs_schiffradio.mp3] Download mp3 file. Here also are relevant books from Dr. Higgs: Depression, War, and Cold War Neither Liberty nor Safety The Challenge of Liberty Against Leviathan Crisis and Leviathan
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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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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Robert Higgs on the Consequences of Leviathan-sized Government
Senior Fellow Robert Higgs is interviewed here by Scott Horton on Antiwar.com Radio, warning those who long for total governmental and economic collapse to be careful what they wish for. Higgs also explains why federal spending cannot continue at the current record levels without a failure of the bond market. He further compares the...
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Regime Uncertainty Now Spooks Even Obama’s Former Big Business Allies
Big business leaders—heretofore merry shills for Obama’s disastrous policies—have finally woken up to the fact that such policies are bad even for those with friends in the White House. The Chairman of the Business Roundtable, a group whose support helped further ObamaCare, Cap-and-Trade, and any and all Keynesian “stimulus” spending, now warns: By reaching...
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Billionaire Entrepreneur Complains of Regime Uncertainty
Speaking to CNBC in Las Vegas recently, Steve Wynn, the billionaire developer and operator of entertainment properties, said: “Washington is unpredictable these days. No one has any idea what’s next . . . the uncertainty of the business climate in America is frightening, frightening to everybody, and it’s delaying recovery.” Wynn complains of “wild,...
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Financial Reform: Bigger Government, for the Benefit of Special Interests
In 1971 George Stigler published his “Theory of Economic Regulation” in which he hypothesized that regulatory agencies tend to be “captured” by the organizations they are regulating, so that the regulated organizations benefit at the expense of the general public. Stigler’s capture theory of regulation is playing itself out again in the financial market...
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Nothing Outside the State: Part II
In a recent post at The Beacon, I sketched the vast expanse of economic and social life that state functionaries (at all levels and in all departments and agencies of government) reach by their direct participation, regulation, surveillance, or manipulation by means of taxes and subsidies. No such sketch, however, can convey the actual...
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