Published by the Foundation for Economic Education
February 15, 2012 | Subscribe via RSS
Unemployment hit 9.8 percent last month (a conservative estimate, to be sure). The Obama administration once said it would approach 9 percent — if the “stimulus” did not pass. With the “stimulus” it was supposed to be less than 8 percent by now. (See graph.)When do we declare the “stimulus” a failure? Huh?
Politicians in Alabama and Georgia are cashing in on immigration fears to buy votes, but everyone pays, as Scott Beaulier, Darrick Luke and Daniel Smith explain. Robert Higgs asks if regime uncertainty explains the current malaise. Andrew Morriss marvels at how much better we live than Elvis did. Gary Chartier asks who’s really on the side of the poor and Robert Murphy says the Euro shows how little one can expect from a currency born entirely of government.
Reviewed by Aeon J. Skoble
Reviewed by Lawrence H. White
Reviewed by George C. Leef
Reviewed by Wendy McElroy
by Scott Beaulier
by Andrew P. Morriss
by Gary Chartier
by Richard W. Fulmer
by Peter McAllister
by Robert P. Murphy
by Samuel R. Staley
by John Stossel
by Tyler Watts
by Robert Higgs
by Sheldon Richman
by Sheldon Richman
by Charles W. Baird
by Donald J. Boudreaux
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Comment by Jacob Steelman on 5 October 2009:
While unemployment has reached 9.8% in the USA many have suggested that the real number is far larger (perhaps as much as 16%). Stimulus is not what is needed for the correction to be effective, for individuals to rebuild wealth and have a prosperous economy. The world economy is in a major correction from the excessive inflation (printing of fiat currency) of central banks around the world. Corrections are necessary to get the economy back on track in order to get rid of the malinvestments created by the excessive inflation. For the correction to be effective the government needs to stop stimulus, reduce taxes, reduce government expenditures, stop the printing of fiat currency, allow private issuers of money (such as e-gold) to compete with government issuers of currency, get rid of regulations of business and individuals and sell off government assets such as TVA, Amtrak, national parks, etc. In other words get the government off our backs and out of our pocketbooks.