Tag: Crisis and Leviathan
Regime Uncertainty Now Spooks Even Obama’s Former Big Business Allies

Big business leaders—heretofore merry shills for Obama’s disastrous policies—have finally woken up to the fact that such policies are bad even for those with friends in the White House. The Chairman of the Business Roundtable, a group whose support helped further ObamaCare, Cap-and-Trade, and any and all Keynesian “stimulus” spending, now warns: By reaching…
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Billionaire Entrepreneur Complains of Regime Uncertainty

Speaking to CNBC in Las Vegas recently, Steve Wynn, the billionaire developer and operator of entertainment properties, said: “Washington is unpredictable these days. No one has any idea what’s next . . . the uncertainty of the business climate in America is frightening, frightening to everybody, and it’s delaying recovery.” Wynn complains of “wild,…
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Financial Reform: Bigger Government, for the Benefit of Special Interests

In 1971 George Stigler published his “Theory of Economic Regulation” in which he hypothesized that regulatory agencies tend to be “captured” by the organizations they are regulating, so that the regulated organizations benefit at the expense of the general public. Stigler’s capture theory of regulation is playing itself out again in the financial market…
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Nothing Outside the State: Part II

In a recent post at The Beacon, I sketched the vast expanse of economic and social life that state functionaries (at all levels and in all departments and agencies of government) reach by their direct participation, regulation, surveillance, or manipulation by means of taxes and subsidies. No such sketch, however, can convey the actual…
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Robert Higgs On Freedom Watch: The Stimulus Bill 1 Year On
Regime Uncertainty—Now Maybe People Will Take the Idea Seriously

Writing in today’s Wall Street Journal, Gary S. Becker, Steven J. Davis, and Kevin M. Murphy discuss how the government’s multifaceted efforts to “reform” health care, energy and environmental controls, financial regulation, taxation, monetary policy-making, and various other aspects of the politico-economic order have created such great uncertainty that business people are reluctant to…
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Higgs Is Just a Pessimist

“Higgs is just a pessimist” — how often I’ve come across expressions of that sentiment during the past twenty-five years! In certain circles, I have become the butt of jokes – some good-natured, some not – by virtue of my alleged pessimism. Okay, maybe I am somewhat pessimistic. My wife, who is confident that she knows…
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Former Tesla Executive Questions “Green” Corporate Welfare

In a December 1 article in Wired, “In Role as Kingmaker, the Energy Department Stifles Innovation,” former Tesla Motors Chief Marketing Officer Darryl Siry critiques the federal government’s campaign of “green” corporate welfare for the American automobile industry (Advanced Technology Vehicles Manufacturing Loan Program). With the recent Climategate revelations that indicate that the stampede…
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Can the Rampaging Leviathan Be Stopped or Slowed?

In a recent commentary titled “Diagnostics and Therapeutics in Political Economy,” I endeavored to show that an analytical understanding of past growth in the government’s size, scope, and power does not permit us to prescribe effective means of stopping or slowing this growth, particularly any simple “silver bullet” remedy, and I specifically disclaimed any…
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Robert Higgs Spotlighted on C-SPAN’s “In Depth”

Independent Institute Senior Fellow Robert Higgs was interviewed for three hours on C-SPAN2’s prestigious program, In Depth. The complete video interview can be watched here (in three parts): Dr. Higgs is editor of The Independent Review, and his authored books include the following: Against Leviathan: Government Power and a Free Society Competition and Coercion:…
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