Tag: Obamanomics
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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Larry Summers Claims Japanese Earthquake/Tsunami Disaster Will Boost Economy
Predictably, within days of the unmitigated disaster and massive loss of life (10,000 and counting) in Japan from the record 8.9-magnitude earthquake and tsunami, a major Keynesian economist has gone on the record in defending the “broken window fallacy” in economics by claiming that the Japanese disaster will actually boost economic growth. The economist...
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High-Speed Rail and the Poverty of Obamanomics
Hard on the heels of his speech to the U.S. Chamber of Commerce, in which he jawboned the owners of private businesses to increase hiring in return for federal tax breaks and other subsidies, President Obama has included in his budget request for fiscal year 2012 a proposal to make a $8 billion down...
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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
MyGovCost.org Director Emily Skarbek Talks Tax Cuts and the Government Cost Calculator
[audio:2010_11_15_skarbek_madmiddle.mp3] Download mp3 file. The Government Cost Calculator is a project of the Independent Institute’s Center on Entrepreneurial Innovation. To find out what Washington’s spending spree is costing you, please go here!
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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Paul Krugman’s “Solution” to the U.S. Deficit: Death Panels and VAT
In a roundtable discussion on the U.S. National Commission on Fiscal Responsibility and Reform (“Deficit Reduction Commission”), Nobel Prize laureate and hyper-Keynesian economist Paul Krugman came clean on his view on ABC’s “This Week with Christiane Amanpour,” regarding how to reduce the gigantic federal deficit that he has been so supportive in seeing created:...
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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:2010_09_29_skarbek_lewis.mp3] Download audio file (18...
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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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Consumption Spending Is 70 Percent of GDP—So What?
It must be a condition of employment that a journalist who writes about the current recession include in his article the statement, “consumption makes up more than two-thirds of the economy” or “consumption spending accounts for 70 percent of GDP.” This seemingly simple, factual statement, however, is nearly always intended to carry some explanatory...
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