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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