Independent Institute Senior Fellow William F. Shughart II‘s new article, “We must cut taxes, curb spending and crimp regulations,” is being syndicated by McClatchy-Tribune Information Services to newspapers across the United States and Canada, including the Sacramento Bee, Lexington Herald-Leader, Standard Times (Bedford, MA), Bellingham Herald, Albany Times-Union, Guelph Mercury, Kitchener Record, etc. “The…
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Ever since the bursting of the real estate bubble became evident at the end of 2007, Washington has been on a spending spree to avert events that, in its collective judgment, threatened the stability and solvency of the U.S. financial system and economy as a whole. Although the U.S. economy has experienced recurrent cycles…
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According to an analysis of federal payroll data by USA Today, the federal bureaucracy has flourished during the current recession. The number of Federal employees making salaries of $100,000 or more jumped from 14 percent to 19 percent of civil servants during the recession’s first 18 months and that’s before overtime pay and bonuses…
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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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