The Liberal Assault on the Poor, Part 2 by Jacob G. Hornberger January 1, 2010 Part 1 | Part 2 When it comes to economic policy, liberals suffer from two major weaknesses. One, they believe that all that matters with respect to policy are good intentions. As long as liberals mean well, they think that the policies they implement, especially with respect to the poor, are justified. Two, they have a woeful lack of understanding of ...
How a Rich and Proud Nation Went Broke by Jim Powell January 1, 2010 Amidst a multitrillion dollar spending spree, President Obama apparently believes it’s inconceivable that a mighty nation such as the United States could go broke. Yet France, once the most powerful nation in Europe, went broke and was plunged into a revolution that consumed the king and queen. Germany was bankrupted by reparations following World War I as well as the ...
A Lesson in the (Re)distribution of Wealth by Edmund Contoski January 1, 2010 Through the company where I worked more than 35 years ago, I had an opportunity to meet an unusual man. I had not seen him since, but his recent obituary caught my eye. His name was Wayne Field, a name I’m sure few, if any, of you will recognize. In his 87 years he accomplished a great deal. He founded ...
Lessons from the Great Depression by Lawrence W. Reed November 3, 2009 On November 2, 2009, Lawrence W. Reed gave the following speech at The Future of Freedom Foundation’s “Economic Liberty Lecture Series.” The speech can viewed below in its entirety.
Keynes and the Assault on Savings, Part 2 by Gregory Bresiger November 1, 2009 Part 1 | Part 2 The reason, I believe, that Keynes’s anti-saving, consume-more philosophy is politically popular is simple: Consumption is immediate and usually enjoyable. Saving requires self-discipline and patience. Also, the philosophy is remarkably bi-partisan. It fits in with the ideas of a massive and ever-growing welfare/warfare state. This ...
The Great Depression and the Current Recession: Similarities and Differences (video) by Robert Higgs October 8, 2009 On October 5, 2009, Robert Higgs gave the following speech at The Future of Freedom Foundation’s “Economic Liberty Lecture Series.” The speech can viewed below in its entirety.
Keynes and the Assault on Savings, Part 1 by Gregory Bresiger October 1, 2009 Part 1 | Part 2 In the long, run we are all dead. — John Maynard Keynes, A Tract on Monetary Reform There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on ...
Economics and Moral Courage (video) by Llewellyn H. Rockwell Jr. September 9, 2009 On September 9, 2009, Lew Rockwell gave the following speech at The Future of Freedom Foundation’s “Economic Liberty Lecture Series.” The speech can viewed below in its entirety.
Failure Leads to Success in the Public Sector by Gregory Bresiger July 24, 2009 We are playing out the latest chapter in the crisis and leviathan model in the financial-services business. It is a model in which public-sector failure leads to bigger government. It leads to success for socialists who want the government to expand into every aspect of our economy but dont want to overtly call for nationalization ...
A New Stimulus? Washington Never Learns by Sheldon Richman July 10, 2009 In Washington, the rule is: If a little poison doesn’t cure the patient, give him more. This rule is being applied not only to health care, where massive doses of government intervention are being prescribed to treat the toxicity of past government intervention. It’s also being used in the attempt to end ...
Economic Stimulus Nonsense by Scott McPherson July 1, 2009 When times are great — maybe especially when times are great — most people don’t think about economics. At least, if there’s any thinking going on at all, it’s not exactly clear-headed thinking. But when times take a turn for the worse, people forget about making any kind of sense at all. It would be far better if they ...
The Unemployment Racket by Laurence M. Vance June 1, 2009 Americans have many options when it comes to insurance. They can freely get health insurance, life insurance, cancer insurance, dental insurance, disability insurance, homeowners’ insurance, renters’ insurance, parcel-shipping insurance, et cetera. Although auto insurance is required by state laws, it is still obtained from a private insurance company of one’s choosing. One can even get insurance at the blackjack ...