Tag: Economics
-
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…
-
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…
-
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.
-
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?…
-
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…
-
With all due respect Mr. President, that is not true
What isn’t true? On January 9, President-elect (now President) Barack Obama said “There is no disagreement that we need action by our government, a recovery plan that will help to jump start the economy.” Not everyone agrees with our new president. The Cato Institute placed a full-page advertisement the New York Times today. Its statement…
-
The True Danger of the Current Economic Crisis
Thomas Sowell explains that the true danger we face is not recession or even a depression, but the permanent expansion of government that lingers forever: No matter how many times President Barack Obama tells us that these ?extraordinary times? call for ?swift action,? the kind of economic policies he is promoting take effect very slowly,…
-
Economic Stimulus: Timing is Everything
When I took macroeconomics in college way back in the 70’s, people actually believed in Keynesian economic theory. It was in the textbooks. One of the problems with government attempting to stimulate the economy the Keynesian way is the matter of timing. By the time we’re sure we’re in a recession, Congress passes laws, and…
-
Government Spending Is No Free Lunch
Robert J. Barro, an economics professor at Harvard University and a senior fellow at Stanford University’s Hoover Institution, has an excellent commentary in The Wall Street Journal. This piece explains the problems with the multiplier that backers of government stimulus programs count on to make the government spending work. Here’s an excerpt: Back in the…
-
Just Say No to Stimulus
“Congress should not enact an expensive spending bill under the pretense of stimulus or recovery. We cannot spend our way to prosperity, and such an expansion of the federal government will put a crushing burden on taxpayers in the long-term.” That’s the online petition at NoStimulus.com. This website, a project of Americans For Prosperity, provides…
-
Wind power: look at costs of “boom”
There’s been a lot of investment in Nolan County, Texas. Things are booming. That’s pretty much the entire point of an op-ed piece in the Wichita Eagle by Scott Allegrucci. (Money Blowing in the Wind in Texas, January 16, 2009)
-
Minimum Wage: Helpful? Or Not?
What’s one of the barriers to advancement by minorities in the workplace? We’re told that the minimum wage law is a guarantee that workers will not be exploited by greedy employers. But does it really work that way? Art Carden writes this in his article The Minimum Wage, Discrimination, and Inequality: Milton Friedman openly argued…