All Posts Tagged With: "Small Business Administration"
The First Government Bailouts: The Story of the RFC
The idea of using federal money to bail out large failing corporations did not begin with the Bush administration. In the beginning was the RFC, the Reconstruction Finance Corporation, which President Herbert Hoover pretentiously named and bountifully funded during the Great Depression to bail out corporations deemed too big to fail. In 1932 Congress gave [...]
30Nov2011 | Burton W. Folsom Jr. | 1 comment | ContinuedWelfare for the Rich
Advocates of the free market—including those considered “right-wing” and “conservative”—believe it is wrong to violate property rights. Consequently, they oppose egalitarian measures to steal from the rich and give to the poor. Such “income redistribution” represents naked theft and epitomizes the Founding Fathers’ fears of unfettered democracy. At the same time, champions of laissez faire [...]
1Apr2007 | Robert P. Murphy | 10 comments | ContinuedFrom Wartime Expedient to Permanent Pork Barrel: WFC to RFC to SBA
When the U.S. government mobilized the economy to support its participation in World War I, it intervened in the market system in many ways. Yet private capital markets continued to operate. They did not always operate, however, as the government wished. Some enterprises that the government considered essential to its mobilization program—especially in lumbering, coal [...]
1Oct2004 | Robert Higgs | 0 comments | ContinuedBudgetary Immortality
America will soon have a new president, and that means a new budget. Successive administrations and congresses routinely claim that they’ve squeezed the last possible unnecessary cent out of their spending proposals. But such claims simply cannot be taken seriously.
1Feb2001 | Doug Bandow | 1 comment | ContinuedAx Business Welfare and Privatize Social Security
Doug Bandow, a nationally syndicated columnists, is a senior fellow at the Cato Institute and the author and editor of several books, including Tripwire: Korea and U.S. Foreign Policy in a Changed World. The president and Congress have promised a balanced budget by 2002, but a recent poll found that just 17 percent of Americans [...]
1Mar1998 | Doug Bandow | 0 comments | ContinuedThe Freedom Revolution
What lifts this book above the pack is extensive use of Armey’s Axioms—witty though incisive truisms on public policy, from a man in a position to know. The author is the House Majority Leader, an architect of the “Contract with America,” a champion of the flat tax, and a former economics professor at the University [...]
1Feb1996 | William H. Peterson | 0 comments | ContinuedAs Frank Chodorov Sees it
In the files of Congress there is a bill that proposes to invest the President with authority to regulate the market place. It is known as the “Stand-by Controls” bill. During the past two sessions the Administration has pressed for the passage of this bill, and continued pressure may be expected during the present session. [...]
1Mar1956 | Frank Chodorov | 0 comments | Continued-
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