Tag: New Deal
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
Macroeconomic Booms and Busts: Deja Vu Once Again
Consider the following commentary on the economic situation: Foolhardy procedures which are divorced from economic realities, or whose economic implications are not understood by their promoters, do not perforce become sanctified and wise merely by designating them as “action”; tilting at windmills does not draw water. [W]hen a recovery program, which, while it may...
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Is Obama a Traitor to His Class?
As businessmen, including many who supported Barack Obama’s presidential campaign, continue to go public with complaints about regime uncertainty and its discouraging effect on the economy’s recovery, some observers are speculating that the tycoons’ animus is driven at least in part by their sense of betrayal: they had recognized Obama as a member in...
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Do the Post-Panic Changes in Corporate Bond Yield Curves Indicate Regime Uncertainty or Only Expectations of Increased Inflation?
On August 24, I posted some data and analysis on yield curves for high-grade corporate bonds since the beginning of 2008, seeking to determine whether changes in these curves are consistent with the hypothesis that the current economic crisis has given rise to regime uncertainty. If it has done so, the yield curves should...
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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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Dr. Seuss Economics: “I do not like this Uncle Sam”
I normally do not circulate “viral email” but these rebellious ditties remind me of what circulated in the run up to the 1938 election—an election that walloped the New Deal upside the head (although existing programs remained in place). Source: Origin unknown. Following this Dr. Seuss post is some anti-New Deal humor. Critics of...
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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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Obama Has Solidified the Bush Police State
On virtually all the major civil liberties issues of the Bush era, the Obama administration has followed its predecessor’s example. Detention without trial has continued. Torturers will not be investigated. Warrantless surveillance of the citizenry goes on uninterrupted. What’s more, by vindicating these policies as a left-liberal Democrat, Obama has solidified them in American...
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Obama “Disses” the Federal Courts
The United States never was intended to be a democracy, but rather a compound republic delegating clearly enumerated powers to the federal government and creating a masterfully designed system of checks and balances amongst its three branches meant to limit Washington’s intrusions on the sovereignties of the several states and the liberties of their...
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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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