Posts Tagged ‘Economics’

A Fresh Perspective for Occupy Wall Street


Sunday October 16th, 2011   •   Posted by Emily Skarbek at 9:32am PDT   •   6 Comments

The Occupy Wall Street demonstrations are lackluster at best. One troublesome aspect of the whole “movement” concerns the poor economic logic underlying their causes. The occupiers are targeting the wrong enemy when they claim corporate greed and income inequality caused by capitalism is generating the problems in Washington. These claims have been propagated by…
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How Many More Trillion$ for Defense?


Wednesday October 27th, 2010   •   Posted by Joshua Kaplan at 7:28pm PDT   •   2 Comments

In the new article on runaway spending from the Pentagon, “How Many More Trillion$ for Defense?”, Independent Institute Research Fellow Winslow Wheeler explains the dire need for effective budgetary controls over the Pentagon.  As it stands the Pentagon “is literally ‘unauditable.’” “Since Sept. 11, 2001, Congress and the Defense Department have added more than…
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Obama’s Transportation Infrastructure Plan Wastes $50 Billion


Thursday October 14th, 2010   •   Posted by Joshua Kaplan at 12:26am PDT   •   2 Comments

In this new article on United States transportation infrastructure and spending, Gabriel Roth explains the  wasteful spending endemic to the central planning approach taken to transportation.  Rather than a leaky bucket, Roth proposes using market forces based on local transportation needs: “President Obama’s recent announcement of a $50 billion ‘up-front investment’ for ‘renewing and…
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A Smaller, Older, Less Prepared Military: Where Is the Payoff for Huge U.S. Budget Hikes


Wednesday October 13th, 2010   •   Posted by Joshua Kaplan at 8:40pm PDT   •   0 Comments

In a new article in Defense News, Winslow Wheeler reports on the trillions of dollars of wasteful spending by the Pentagon, and the poor state of the armed forces that result: “You’d think all that added money would give us larger forces, a newer hardware inventory and better trained people. Instead, the windfall made…
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Taking Back America Interviews Dr. Emily Skarbek on the Government Cost Calculator


Wednesday October 6th, 2010   •   Posted by Joshua Kaplan at 4:24pm PDT   •   0 Comments

Dr. Emily Skarbek, Director of the Government Cost Calculator was interviewed on the nationally syndicated web radio blog, “Taking Back America”.  During the interview, Dr. Skarbek uses MyGovCost.org to explain the specific effects of rampant government spending for any individual in America. Dr. Skarbek illustrates how an individual can find out what their own…
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The Deficit’s Dark Secret


Wednesday September 8th, 2010   •   Posted by Emily Skarbek at 5:37pm PDT   •   5 Comments

The New York Times on Monday, columnist Peter Orszag addresses the important issue of the the unsustainable budget deficit problem and the current high unemployment. What Orszag suggests as a “compromise” neglects the heart of both problems. Orszag suggests that “ideally only the middle-class tax cuts would be continued for now” but that doing…
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Is Democratic Reform of Deficit Finance Possible?


Friday September 3rd, 2010   •   Posted by Emily Skarbek at 12:34pm PDT   •   0 Comments

For many, economic logic and application to a wise management of finances is a chore considered best left to the “professionals”. After all, crunching numbers given the vast array of rules and regulations can be taxing (pardon the pun). However, debt finance is a particular economic subject that can be easily understood and just…
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Anatomy of the Current Recession


Tuesday August 24th, 2010   •   Posted by Robert Higgs at 4:22pm PDT   •   0 Comments

Not everyone has the stomach for perusing the national income and product accounts, but one who does can learn a great deal about what ails the present economy and about its prospects for returning to a healthier condition. (I draw the data I discuss here from Table B-2, Real Gross Domestic Product, 1960-2009, in…
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Defense Spending Is Much Greater than You Think


Tuesday August 24th, 2010   •   Posted by Robert Higgs at 4:16pm PDT   •   1 Comment

When President Obama presented his budget recently for fiscal year 2011, he proposed that the Pentagon’s outlays be increased by about 4.5 percent beyond its estimated outlays in fiscal 2010, to a total of almost $719 billion. Although many Americans regard this enormous sum as excessive, few appreciate that the total amount of all…
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