Archive for William L. Anderson
William Anderson is an associate professor of economics at Frostburg State University.
The Return of Depression Economics and the Crisis of 2008
Reading The Return of Depression Economics, I have to admit I was surprised. Paul Krugman, 2008 Nobel Prize winner in economics and New York Times columnist, isn’t as feisty and partisan in the book as he is in his column. Moreover, he presents some useful information about the many economic collapses that have occurred in [...]
18Nov2009 | William L. Anderson | 0 comments | ContinuedToo Big to Fail?
The New York Times declares that the Obama administration wants to “rein in” those businesses “too big to fail.” The story says:
Congress and the Obama administration are about to take up one of the most fundamental issues stemming from the near collapse of the financial system last year — how to deal with institutions that [...]
America’s Munich: The House Medical-Care Bill
In the wake of the euphoria that passed through Great Britain after Prime Minister Neville Chamberlain displayed the Munich Agreement and declared “peace in our time,” Winston Churchill had a different view. The agreement between France, Britain, and Hitler’s Germany, Churchill told Parliament, was a “total and unmitigated disaster.”
I thought about this exchange after seeing [...]
The “Stimulus” Stopped the Recession? Not So Fast!
The “stimulus” has not “saved” anything. It has been a huge misdirection of resources from things that would meet real-live individual needs to those things that meet the “needs” of politicians to be reelected.
4Nov2009 | William L. Anderson | 6 comments | ContinuedBen Bernanke Saved the Day?
Instead of being “brave,” Bernanke has been reckless, just like a young driver playing “chicken.” There is a huge difference between bravery and bravado, and Bernanke’s actions reflect the latter not the former.
28Oct2009 | William L. Anderson | 3 comments | ContinuedDon’t Cry For Us, Argentina
Economic news continues to be bad, and despite the government’s promises that the recession’s end is near, I don’t see it. Economic fundamentals are more skewed now than they were two years ago, which means a recovery is not near.
We hear today that the Canadian dollar is almost at parity with the U.S. dollar. A [...]
Gusher of Lies: The Dangerous Delusions of “Energy Independence.”
Al Gore recently called for a ten-year plan to phase out all electric plants powered by fossil fuels and replace them with windmills and other “renewable” energy sources. While the media fawned over Gore’s speech, I decided to read Robert Bryce’s Gusher of Lies to see if the speech made sense.
It doesn’t. Bryce’s book has [...]
Prescription Drugs and Advertising
In the continuing debate over the prices of prescription drugs, Ellen Goodman, a Pulitzer Prize-winning columnist, believes she has found the real answer to why many drugs are so expensive. The culprit, she says, is advertising, and lots of it. She writes: "Pharmaceutical companies tell us that the cost [of drugs] is connected to research [...]
1Mar2002 | William L. Anderson | 0 comments | ContinuedIn Praise of Athletes High Salaries
William Anderson is an assistant professor of economics at North Greenville College in Tigerville, South Carolina.
While teaching in public schools many years ago, I found that almost all teachers believed they were underpaid and underappreciated. Things probably have not changed. My colleagues expressed their sentiments by hanging a newspaper editorial on a bulletin [...]
Higher Airfares Ahead?
William L. anderson teaches economics at Chattanooga Christian School and Covenant College.
Last summer, I flew to the Northeast to participate in a seminar on teaching economics. In the process of buying my ticket, however, I learned an important economic lesson in this post- Airlines Antitrust Litigation age: antitrust decisions usually do not benefit consumers [...]
Price Controls Do Not Control Prices
William L. anderson teaches economics at the University of Tennessee-Chattanooga and Covenant College.
As the fighting raged in the Persian Gulf, the conversation in my college economics class invariably turned to the conflict—and its economic effects. In the past several months, students have seen gasoline prices rise and fall rather violently and are puzzled by [...]
Economic Development or Economic Disaster?
William L. anderson teaches economics at the University of Tennessee-Chattanooga.
In the past decade, Chattanooga’s downtown district has undergone a virtual face lift. Parks have been created, trees have been planted, new buildings have been built, and old ones improved. The city and county governments have constructed a gleaming trade and exhibition center with a [...]
Freedom of Speech/Freedom of Ownership
Mr. anderson is executive director of the Chattanooga Manufacturers Association.
Our city was recently in a mild uproar over the banning of the controversial Broadway musical Oh! Calcutta! The production’s promoter wanted to bring the musical to Chattanooga; the publicly appointed review board for the Tivoli Theater said Oh! Calcutta! would violate the city’s obscenity [...]
Real Purchasing Power
Mr. anderson is executive director of the Chattanooga Manufacturers Association.
One recent afternoon I took my daughter to a movie. The tickets cost a total of $5 and to pay for them, I pulled a $10 bill from my wallet. As any economics professor could have told me, I held $10 of purchasing power. Since [...]
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
