Category: Economics
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It’s My Money — I’ll Bailout Myself!
From the Lone Star Times, economist Michelle Muccio appears in the video It?s My Money — I?ll Bailout Myself! It’s funny how many people would rather keep control over their own money rather than sending it to Washington (and their state, county, city, and school district). Can people be trusted to spend their own money?…
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Oops. Facebook Changes its Mind on AFP Stimulus Ad.
See Kudos to FaceBook for Changing Their Position Right Away.
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Facebook Finds Stimulus Petition Ad Misleading
My blogger friend Blue Collar Muse reports on a disturbing development at the extremely popular social networking site Facebook. The post FaceBook Drops NoStimulus.com Ad After Complaints explains.
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Financial crisis caused by government
Did the “excesses” of capitalism cause the current financial crisis? First, we really don’t have capitalism in the United States, at least not any reasonable semblance of laissez faire capitalism, as explained in my post The Myth that Laissez Faire Is Responsible for Our Present Crisis, based on the work of Professor George Reisman.
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Kansas minimum wage at issue again
In Kansas, some want the state’s minimum wage to rise to match the federal minimum wage. The Lawrence Journal-World reports on this in its story Lawmakers asked to increase state’s minimum wage.
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NoStimulus.com Effort Crosses 200,000 Petitions
Here’s a press release from Americans For Prosperity that talks about the tremendous success of the NoStimulus.com website. This site experienced tremendous traffic yesterday and had difficulty staying online. Things are working smoothly now, so I encourage you to visit the site to learn about the stimulus plan. Then, sign the online petition. NoStimulus.com Effort…
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Tim Phillips of AFP explains NoStimulus.com
Tim Phillips, president of Americans For Prosperity, explains why the Obama-Pelosi-Reid stimulus bill is not good for America, and also talks about the role of the NoStimulus.com website. So many people want to visit NoStimulus.com today that the site has had trouble staying online.
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Do Americans Support Obama’s Stimulus Plan?
Despite mainstream media claims, not everyone agrees with President Obama’s plan. In fact, a Rasmussen poll shows that more Americans than not are skeptical about the stimulus. They’d rather see other things such as less government spending and lower taxes. National Survey of 1,000 Likely Voters Conducted February 6-7, 2009 By Rasmussen Reports 1. Generally…
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Explaining Again Why Obamanian, or Keynesian, Stimulus Won’t Work
From The Stimulus Tragedy: Obama bets that we can spend our way to prosperity: So there it is: Mr. Obama is now endorsing a sort of reductionist Keynesianism that argues that any government spending is an economic stimulus. This is so manifestly false that we doubt Mr. Obama really believes it. He has to know…
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NoStimulus.com surpasses 60,000 online petitions
Americans For Prosperity is dong a great job opposing the stimulus with their NoStimulus.com website. Visit there for information about the dangers of what President Obama and Congressional leaders are doing. Sign the petition, too.
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AFP Works to Oppose Stimulus
Here’s a message from Tim Phillips, President of Americans For Prosperity. I listened in to the telephone town hall meeting he mentions. Despite a few technical glitches, these meetings are becoming popular, and serve as an effective way to communicate with a large number of people. Wait — don’t we have the Internet for that?…
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An Austrian Recommendation for President Obama
Robert P. Murphy, author of the fine book The Politically Incorrect Guide to Capitalism lays out what President Obama and Congress can do to really fix our economy. In this article, Murphy addresses the critics of those who oppose the proposed stimulus plan. That’s important, because many critics of the stimulus say that the government…