Opinion
Keynesianism Even He Can’t Believe In
The president buys into failed Keynesian economic notions, except when he doesn't.
Opinion
Keynesianism Even He Can’t Believe In
If the Obama administration’s economic policy is based on Lord Keynes’ ideas, it’s logically inconsistent to warn against wasted taxpayer-funded spending.
Opinion
Government Promotes Another Vice
The latest vice championed by government is that North Carolinians ought to spend beyond their means and stop saving for a rainy day.
Opinion
Some Slight Problems With The Bill
The porkulus bill enacted by Congress last week is one of the most expensive, dangerous, and injurious pieces of legislation in the history of the American republic.
Opinion
Washington Has No Money To Give
The federal government is not a magical realm – though its leaders are remarkably good at shell games and making things disappear.
Opinion
Obama’s Stimulus Package: So Much For Change
Instead of change, it looks as if our new president's efforts to stimulate the economy rely on more of the same.
Opinion
Hunting For The Very Best Stimulus
If you’ll pardon an unabashed carnivore’s analogy: It’s great when you can kill two birds with one stone, but when you can’t, aim at the big one.
Opinion
Beware: Beltway Bandits Bearing Stimulus
In the current economic and political environment, a false appeal to economic stimulus will prove to be the last refuge of a bandit
Opinion
Bailout Mania: Prolonging the Recession
When government decides to "save" an industry, that decision takes vital resources away from other industries and entrepreneurs who drive economic growth.
Opinion
The Birth Of A New Nation
Your grandkids will hang on your every word as you tell the tale of how you were there when Bailout Nation was born.
Opinion
Federal Reserve Part II
The cumulative effects of the play-off between political advantage and economic necessity is the theme of Hayek's [1941] critique of Keynesianism. It has been described as having 'a tiger by the tail.' The value of what the Federal Reserve tries to do, and how it carries out its mission, must be judged against the expected long-run consequences of credit expansion and not just a short term easing of interest rates.
