Tag: FDR
It’s Pearl Harbor Day — Trot Out the Official Fable

Sixty-nine years ago, Japanese forces attacked the U.S. naval base at Pearl Harbor, Hawaii, provoking the United States to declare war against Japan. When Japan’s ally Germany declared war on the United States on December 11, 1941, the United States immediately reciprocated. These actions brought the United States into open warfare against the Axis powers and…
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Is Obama a Traitor to His Class?

As businessmen, including many who supported Barack Obama’s presidential campaign, continue to go public with complaints about regime uncertainty and its discouraging effect on the economy’s recovery, some observers are speculating that the tycoons’ animus is driven at least in part by their sense of betrayal: they had recognized Obama as a member in…
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Regime Uncertainty: Are Interest-Rate Movements Consistent with the Hypothesis?

Regime uncertainty has gained increasing recognition as the current economic troubles have persisted with little or no improvement since the economy reached a cyclical trough early in 2009. As described in my 1997 paper, regime uncertainty pertains to the likelihood that investors’ private property rights in their capital and the income it yields will be…
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Obama “Disses” the Federal Courts

The United States never was intended to be a democracy, but rather a compound republic delegating clearly enumerated powers to the federal government and creating a masterfully designed system of checks and balances amongst its three branches meant to limit Washington’s intrusions on the sovereignties of the several states and the liberties of their…
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Robert Higgs Debates James Galbraith on Obamanomics

Independent Institute Senior Fellow Robert Higgs debates James Galbraith (Professor of Economics, University of Texas; son of infamous, “liberal”, Keynesian economist John Kenneth Galbraith) on Antiwar Radio regarding the folly of government bailouts for insolvent banks, creation of the Glass-Steagall Act as a means to prevent FDIC insured banks from taking excessive risks, benefits…
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Mayoral Nostalgia for the New Deal

In an article published in the Wall Street Journal on March 8, 2010, Louise Radnofsky reports that the U.S. Conference of Mayors claims it “can put thousands to work on infrastructure projects, as was done in the 1930s.” The mayors expressed a collective willingness to hire people on jobs that benefit their communities—provided, of…
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One More Time: World War II Did Not Bring Us Out of the Depression

I don’t listen to talk radio all that often, but appreciate all efforts from whatever quarter that get people rebelling against reckless government actions. As far as I can tell, there’s general talk radio consensus at this point that bailouts and stimulus packages don’t help the economy. But a huge hole remains—the perennial myth…
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Obama’s Tax-and-Spend Bender

The Wall Street Journal reports that as if the recent Senate election in Massachusetts never happened (or perhaps because of it?), President Barack Obama’s budgets for 2010 and 2011 will push federal government spending up to gigantic new levels: The budget reveals that overall federal outlays will reach $3.72 trillion in fiscal 2010, and…
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Hear John T. Flynn

This audio of an entire America First Committee rally from June 1941 is a real treat. The sound quality is crisp and clear: The all-star line-up includes John T. Flynn (about 4:30 minutes into the audio), probably the most important activist in the “Old Right” during the 1940s and the 1950s. Speaking after Flynn…
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Thirteen Outstanding Books of the Past Decade

http://www.amazon.com/exec/obidos/ASIN/B002RAR3KG/theindepeende-20/002-6508816-9461647

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org