Tag: government spending
Inflation-Targeting versus Fiscal Stimulus

In the run-up to President Obama’s “State of the Union” address this evening, the nation’s monetary and fiscal policymakers seem, as often is true, to be working at cross-purposes. According to reports published in The Wall Street Journal yesterday (January 24, 2011), Chairman Ben Bernanke at long last has concluded that the Fed should…
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Dr. Emily Skarbek Talks about the Government Cost Calculator on Taking Back America

Dr. Emily Skarbek, Director of the Independent Institute’s Government Cost Calculator was interviewed on the nationally syndicated, web, radio blog, “Taking Back America”.  During the interview, Dr. Skarbek uses MyGovCost.org to explain the specific effects of rampant government spending for any individual in America. Dr. Skarbek illustrates how an individual can find out what…
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The Costs of Federal Bailouts—How much do YOU pay??

The Independent Institute’s Senior Fellow William Shughart on Human Events, bringing the real costs of the federal bailouts to YOU. Check out MyGovCost‘s Government Cost Calculator for more!

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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Robert Higgs Interview on Growth of Big Brother

Senior Fellow Robert Higgs talks about his book, Neither Liberty nor Safety: Fear, Ideology, and the Growth of Government, on The Holistic Survival Show with Jason Hartman. Higgs sheds light on the history of institutionalized violence implemented by a bloated federal state, caused by a misguided faith in larger government to ensure a “freedom…
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Homebuyer Tax Credit: Debt Financed Public Policy

As expected by many economists, the Homebuyer Tax Credit did little to nothing to encourage new home purchases and only shifted the purchase of new homes from May to April.  Howard Gleckman over at the Tax Policy Center reports on the waste and fraud afforded by deficit financed public policy of this sort, noting…
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“Fear the Boom and Bust”: Hayek vs. Keynes Rap Video

Here is a splendid and insightful, new rap video pitting the ideas of Nobel Laureate, Austrian School economist Friedrich A. Hayek against those of Lord John Maynard Keynes. As Hayek has shown, economic crises of boom and bust are created by governments that expand credit through central banks, creating unsustainable bubbles that ultimately crash….
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Masters or Slaves?

Using data just released from the Bureau of Economic Analysis, Cato’s Chris Edwards has built this chart vividly illustrating the upshot of America’s love affair with big government under Bush and continuing under Obama—average federal compensation is now more than double the average in the private sector: Meanwhile, the trend of government jobs increasing…
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Inflation Ahead

Federal Reserve Chairman Ben Bernanke told Congress he has an exit strategy to rein in excess growth in the monetary base when the time comes.  The problem is, any action that would reduce the bloated monetary base would do so by increasing interest rates, and Bernanke has also said he will keep interest rates…
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Budget Crunches Supply Golden Opportunities for Governmental Reform

Unprecedented budget deficits at the local, state and federal levels of government should not be cause for despair, but rather taken advantage of to force the public sector to confine itself to its constitutionally delegated powers. In last Thursday’s (June 18, 2009) Orange County Register, columnist Shawn Steel jumped on a bandwagon I’ve been…
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