Tag: ratchet effect
Why Do We Accept in Ourselves That Which We Condemn in Others?

There was a certain horrifying fascination to observe the speed and enthusiasm with which conservatives embraced the unprecedented growth of government power and size under George W. Bush in the aftermath of 9/11. A Crisis and Leviathan case study in the “ratchet-effect” of “crises”—documented brilliantly throughout by Bob Higgs and reprinted as our Resurgence...
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More Acclaim for Higgs: New York Times and Elsewhere

Articles acclaiming the devastating analysis by Independent Institute Senior Fellow Robert Higgs in showing why federal government controls and intervention have consistently been responsible for creating and deepening financial crises, including both the Great Depression and the current financial upheaval, continue to appear in an expanding number of major media outlets. The latest include...
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