All Posts Tagged With: "Economic Recovery"
Regime Uncertainty, Then and Now
In a 1997 article, “Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Resumed After the War”, I advanced the idea of regime uncertainty in an attempt to improve our understanding of the Great Depression’s extraordinary duration and of the highly successful postwar transition to a genuinely prosperous market-oriented economy. The idea [...]
4Jan2012 | Robert Higgs | 4 comments | ContinuedQuantitative Easing Forever?
Despite assertions that it has ended its policy of quantitative easing (QE), the Fed is unlikely to be able to do so until it also ends its zero-interest-rate policy (ZIRP). This deadly policy duo has had terrible consequences for the American economy and every country using U.S. dollars. It is as though the Fed were [...]
26Oct2011 | Christopher Lingle | 1 comment | ContinuedPrivate Investment and Public “Investment”
Politicians are fond of telling the public that we must “invest” in this program or that—be it education; health care; make-work infrastructure projects like the infamous “Bridge to Nowhere”; $50 million for an indoor rainforest in Iowa; $3.4 million for a tunnel to allow turtles to cross under a highway in Florida; $1.8 million for swine [...]
22Jun2011 | Adam B. Summers | 1 comment | ContinuedAnd the Slump Goes On
Official economic statistics and the underlying economic reality sometimes differ starkly. Such discrepancies may be almost inevitable when a small group of macroeconomic experts sets the official dates for peaks and troughs of aggregate economic activity. The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) recently “determined that a trough in [...]
24Feb2011 | Angel Martín Oro | 13 comments | ContinuedBusiness to Be Asked for Jobs Ideas
“President Obama will challenge business and labor leaders today to generate ideas for creating jobs, sustaining the economic recovery and making America more competitive.” (USA Today) Who will say, like those French businessmen long ago, “Laissez faire, laissez passer!”? FEE Timely Classic “Laissez Faire as a Development Policy” by John Semmens
24Feb2011 | Foundation for Economic Education | 2 comments | ContinuedThe House That Uncle Sam Built
The Great Recession (or the Great Hangover) that began in 2008 did not have to happen. Its causes and consequences are not mysterious. Indeed, this particular and very painful episode affirms what the best nonpartisan economists have tried to tell our politicians and policy-makers for decades, namely, that the more they try to inflate and [...]
8Oct2010 | and Peter J. Boettke | 1 comment | ContinuedConsumer Spending Drives the Economy?
Consumer spending makes up more than 70 percent of the economy, and it usually drives growth during economic recoveries.” —“Consumers Give Boost to Economy,” New York Times, May 1 Every quarter, when the government releases its latest GDP figures, we hear the familiar refrain: “What the consumer does is vital for economic growth.” “If the [...]
22Sep2010 | Mark Skousen | 26 comments | ContinuedProducing Jobs: Thoughts on Obama’s Plan for Small Businesses
The ears of small business America must have perked up when President Obama spoke about that critically important sector in his State of the Union address. Mine certainly did. Here’s when it really got interesting: “I’m . . . proposing a new small business tax credit—one that will go to over one million small businesses [...]
20May2010 | Bruce Yandle | 2 comments | ContinuedStimulus Breakdown
I knew the stimulus was a failure but I guess I didn’t realize just how bad.
21Oct2009 | Mike Van Winkle | 1 comment | ContinuedIf There Were No Capitalism
“If there were no God it would be necessary to invent
Him.”
Thus the witty and skeptical Voltaires phrase could also be applied to the economic system known as capitalism, often buried with much pomp and circumstance by communist, socialist, and assorted left-wing theorists, but so resilient that it will most probably outlive the memory of
most of its critics.
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