Posts Tagged ‘free market’

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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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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Can Capitalism Be Restored?


Sunday September 5th, 2010   •   Posted by Robert Higgs at 11:38pm PDT   •   0 Comments

I pose this question seriously, not as a physiologist, but as an economic historian. I am provoked to raise the question by an advertisement that Amazon sent me recently, calling my attention a book titled Can Capitalism Survive? Creative Destruction and the Future of the Global Economy. Seeing this sales pitch, my immediate reaction…
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Entrepreneurs Know What the Federal Government Doesn’t


Friday September 3rd, 2010   •   Posted by David Theroux at 12:53am PDT   •   0 Comments

In my recent article in Investor’s Business Daily, I discuss the enormous harm from and hypocrisy of federal economic policies as they inhibit private entrepreneurship. The current era has been dubbed the “Information Age,” and well it is. Never before has so much information been available so broadly and on such a level of…
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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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