Tag: United States government
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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,…
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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…
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Didn’t Lincoln’s Emancipation Proclamation free your ancestors?
The hypocrisy of Lincoln’s Emancipation Proclamation came in for heavy criticism. His Secretary of State William Seward said, “We show our sympathy with slavery by emancipating slaves where we cannot reach them and holding them in bondage where we can set them free.” … President Obama can be forgiven for celebrating the hypocrisy of Abraham…
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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…
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Welcome to Washington
I am not entirely sure it is not, but my personal impression is that nothing makes people more cynical about government than working for it. I have never heard a libertarian speak about the futility of most government departments the way American and foreign officials often do in restaurants or bars on Capitol Hill, on…
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What does Success Mean for President Obama?
Today’s Wichita Eagle editorial is typical of many that wish our new president success — for the good of the nation, of course. What, however, does success for President Obama mean? There are two (or more) ways that success might be realized. One definition of success is that President Obama is able to lead our…
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Leave the New Deal in the history books
Saturday’s Wall Street Journal contains an editorial (Leave the New Deal in the History Books) that contains a summary of the effect of the New Deal.
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Barack Obama and the Price of Change
The Competitive Enterprise Institute, an important organization dedicated to advancing the principles of free enterprise and limited government, has a short (one minute) video that does a little arithmetic and arrives at the price of President-elect Obama’s plans for economic stimulus. Hint: it’s a pretty big number.
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Accountants Seek Bailout
By Warner Todd Huston Washington — In this current economic climate, bailouts for industries in the private sector are quickly becoming the chief form of reform and stability. From newspapers to the financial sector to the auto industry, Congress is infusing life saving money into the bloodstream of the country?s economy. But one sector is…
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In a time of crisis, don’t forget what they had to say
In his recent Forbes Magazine, Peter Robinson delivers three quotes from some great Americans: Milton Friedman, Ronald Reagan, and William F. Buckley Jr. Two of the quotes made it to the “Featured thoughts” section of this blog. Robinson delivers some good analysis of the current economic situation, too. Click on In a time of crisis,…
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Is Taxation Voluntary?
In this video, Senate Majority Leader Harry Reid shows just how ignorant he is. The November elections have given this man even more power, as his party’s majority in the senate will soon be larger
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Who is Responsible for Inflation?
Walter Williams explains the difference between counterfeiting and monetary policy. He explains that “inflation results from an increase in the supply of money relative to the demand for money.” He asks who, then, is responsible for inflation? In the United states, who is able to create money? The answer, of course, is the Federal Reserve…