Tag: Europe
What Crusaders for Liberty Are Up Against: Part II
Recently my fellow blogger Robert Higgs put up a post on The Beacon with this title, and I am following up with a post of the same name, after my attendance at the annual meeting of the Association for Heterodox Economics (AHE) last week. The AHE is an organization of academic economists from throughout...
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Is There a Trade-Off Between Economic Growth and Equality?
The American dream is moving out of reach for average Americans, according to this article, even as things have looked up for the top 10%. Statistics like this prompt calls for increasing government redistribution and more progressive taxation to level the playing field. We know that redistributive policies lower economic growth and ultimately make...
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Hypocrisy from the Ivory Tower: UK Edition
“We do not bully our teachers, and we will sue any who say that we do!” It sounds like a headline from the Onion, but these words of Orwellian doublespeak also could have come from Queen’s University Belfast. In response to an article in the summer 2012 issue of The Independent Review, the university...
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Economists Testify on Federal Reserve Before House Committee Chaired by Ron Paul
On May 8th, five economists, including our Research Fellow Peter Klein, appeared in testimony before the U.S. House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Congressman Ron Paul. The panelists included two economists from the Austrian School, two Keynesians, and one monetarist: Peter G. Klein, Research Fellow, The Independent...
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The U.S. Welfare State Is Bigger than You Think
This article from The Globalist argues that the welfare state in the United States is roughly the same size as in Europe, where Americans tend to think the welfare state has spiraled out of control. The main reason the US welfare state is closer in size to the welfare states in EU countries than...
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The Independent Review—Spring Issue Now Available
We are delighted to announce the publication of the Spring 2012 issue of the Independent Institute’s peer-reviewed journal, The Independent Review. This issue’s articles and book reviews deal with the following questions: What does evidence from hunter-gatherer societies suggest about whether human beings are better adapted for individualism or collectivism? Read the article. What...
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Willingness to Soak the Rich Depends Upon the Question
Further to my post, “Two Wolves and a Sheep,” a new poll out yesterday from The Hill disputes other polls showing a majority favoring taxing the rich more. According to The Hill’s poll, when asked the specific percentage “the rich” should pay, most provide a number lower than the current tax rate on the...
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Solutions for Europe
Some of you may recall that Lord Wolfson (of Next stores fame) launched a contest in Britain asking European economists to put forward proposals for an orderly exit of one or more members from the European Monetary Union—i.e. the euro. Now that the deadline for submissions is passed, some of the participants (620 teams...
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No Good Deed Goes Unpunished: The High Cost of Solar
Residents of Hawaii were dismayed to see this recent front-page headline: “Hawaii Solar Savings Spark Higher Electric Bills.” Since so many consumers have sought electrical savings from installing solar panels, the state-monopoly electric utility is losing revenue and now needs to make it up in higher rates. At least Hawaii’s perennially sunny weather will...
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France Fines Google: Is Atlas Shrugging?
In Ayn Rand’s novel, Atlas Shrugged, published in 1957, businesses push government to pass law after law that aids weaker businesses by penalizing successful ones. There’s the “Anti-Dog-Eat-Dog Rule” to prevent destructive competition among firms in an industry, and the “Equalization of Opportunity Bill” that limits the number of businesses one person can own....
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