Archive for Ivan Pongracic Jr.
Ivan Pongracic, Jr., is an associate professor of economics at Hillsdale College, and the author of Employees and Entrepreneurship.
Quantitative Uneasiness
In their recent paper, “Has the Fed Been a Failure?,” George A. Selgin, William D. Lastrapes, and Lawrence H. White conclude that over nearly 100 years the Federal Reserve’s performance has been mostly awful. Unfortunately, the Fed is currently engaged in a policy that will likely make a nice addition to their article. This policy, [...]
21Apr2011 | Ivan Pongracic Jr. | 36 comments | ContinuedMore Income Redistribution Will End the Great Recession?
With increasingly widespread recognition of the failure of Keynesian economic policies, all the Progressives are left with are claims whose acceptance requires a suspension of one’s logical faculties. An excellent example of this is a September 2, 2010, New York Times op-ed by Robert Reich, the Clinton administration secretary of labor and professor of public [...]
24Nov2010 | Ivan Pongracic Jr. | 4 comments | ContinuedGovernment Must Stimulate to Avoid a 1937-Style Recession?
It is rather unfortunate that the Royal Swedish Academy of Sciences’ Economics Prize Committee chose to award the 2008 Nobel Prize in economics to Paul Krugman. It is not that Krugman did not deserve the prize—his contributions to international trade theory were indeed substantive and valuable. The problem is that by 2008 Krugman had long [...]
24Mar2010 | Ivan Pongracic Jr. | 6 comments | ContinuedThe Fed Should Inflate to End the Financial Crisis?
The current housing and financial crisis has many people blaming “greed and market forces” for unleashing a panoply of evils on the unsuspecting middle class. This has led to many bad proposals to solve the crisis, such as the April 14 Wall Street Journal op-ed “The Inflation Solution to the Housing Mess” by John Makin, [...]
1Jul2008 | Ivan Pongracic Jr. | 1 comment | ContinuedThe Great Depression According to Milton Friedman
The author extends special thanks to Lawrence H. White and Ivan Pongracic, Sr., for their helpful comments. Few events in U.S. history can rival the Great Depression for its impact. The period from 1929 to 1941 saw fundamental changes in the landscape of American politics and economics, including such monumental events as America ‘s going [...]
1Sep2007 | Ivan Pongracic Jr. | 77 comments | ContinuedLearning From Experience
Professor Pongracic teaches economics at Indiana Wesleyan University, Marion, Indiana. As the press has widely reported recently, another “enthusiastic Communist from [the United States] who disappeared without a trace in the late 1940s,”[1]has been found. He is living in St. Petersburg (formerly Leningrad) and freely admits that he squandered his life. His confession: “I made [...]
1Dec1993 | Ivan Pongracic Jr. | 2 comments | Continued-
The Latest
Contraception: Insuring the Uninsurable
Update below. Controversy rages over the Obama administration’s mandate that all employers – including... Read More
The Snow Plowers’ Petition
The following might have happened in a small college town in upstate New York… In a cold and snowy... Read More
Super Bowl versus Education?
In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend... Read More
Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
