Posts Tagged ‘Bureau of Economic Analysis’

What’s Holding Back the U.S. Economic Recovery? Not Consumer Spending…


Saturday September 10th, 2011   •   Posted by Craig Eyermann at 8:11am PDT   •   5 Comments

The Independent Institute’s Senior Fellow Robert Higgs has been taking on the so-called conventional wisdom that the U.S. economy continues to be in recessionary or near-recessionary conditions because “consumers are not spending”. On Friday, Dr. Higgs issued a challenge to readers of the Independent Institute’s blog The Beacon, as well as commentators and pundits,…
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The U.S. as Welfare State: Government Entitlements Now 35% of Wages


Monday March 14th, 2011   •   Posted by David Theroux at 9:34pm PDT   •   6 Comments

In “Is the U.S. Becoming a Welfare State?”, Daniel Indiviglio reports in The Atlantic that U.S. government entitlement programs now account for a whopping 35% of wages, up from 26% in 2008. Uncle Sam has been aggressively increasing Americans’ allowance recently. Government entitlement programs have grown to account for 35% of wages, according to…
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Higher Taxes Won’t Reduce the Deficit


Tuesday November 30th, 2010   •   Posted by David Theroux at 12:22am PST   •   0 Comments

In a new article in the Wall Street Journal, Independent Institute Senior Fellow Richard Vedder and Journal Senior Economics Writer Stephen Moore explain why “Higher Taxes Won’t Reduce the Deficit: History shows that when Congress gets more revenue, the pols spend it”: The draft recommendations of the president’s commission on deficit eduction call for…
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Private Investment vs. Government Spending in the Recession


Sunday September 26th, 2010   •   Posted by David Theroux at 5:58am PDT   •   1 Comment

Independent Institute Senior Fellow Robert Higgs examines the serious problem of “regime uncertainty” being created by the feasting of federal spending programs starving (crowding out) the private investment needed for recovery from the recession: “Private saving and investment are the heart and soul of the dynamic market process. Together they provide and allocate the…
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The Great Divergence: Private Investment and Government Power


Monday September 20th, 2010   •   Posted by Robert Higgs at 6:49am PDT   •   0 Comments

Private saving and investment are the heart and soul of the dynamic market process. Together they provide and allocate the resources used to augment the economy’s productive capacity, generate sustained long-run economic growth, and thereby make possible a rising level of living. Economic crises interrupt this process by discouraging investors and causing them to…
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