Archive for September, 2011

Going After Tax Deductions for Charity


Wednesday September 14th, 2011   •   Posted by Craig Eyermann at 2:30pm PST   •   3 Comments

In 2009, Americans reported nearly $34.9 billion worth of donations to private charities serving the public interest on their federal tax forms, as they claimed the federal government’s tax deduction for charitable contributions on their taxes. Of all these donations, $19.14 billion, or 54.9%, were made by taxpayer households that reported $200,000 or more...
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Remembering The Independent Institute’s Warnings from 2009


Wednesday September 14th, 2011   •   Posted by Stephanie Freedman at 12:39pm PST   •   0 Comments

I stumbled across an old article in our archive from 2 years ago that caught my eye. Research Fellow Randall G. Holcombe in “Transforming America: The Bush-Obama Stimulus Programs” discusses harmful policies and warns us of their implications. George W. Bush’s and Barack Obama’s “stimulus” programs will permanently transform the American economy. The market-based...
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It’s Time to Cut FEMA


Tuesday September 13th, 2011   •   Posted by Emily Skarbek at 2:43pm PST   •   1 Comment

Article ran in The Atlantic and was co authored with David Skarbek: In the last two weeks, a 5.9-magnitude earthquake and Hurricane Irene both rocked the East Coast. Immediately, politicians began touting the crucial role that FEMA would play in rebuilding these communities and the need for federal disaster response. However, these presumptions are largely based...
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The Costs of 9/11


Tuesday September 13th, 2011   •   Posted by Emily Skarbek at 7:03am PST   •   1 Comment

The New York Times has a wonderful info-graphic depicting the costs of 9/11 by Shan Carter and Amanda Cox. As the author’s point out, the United States has spent an estimated $7 million for every dollar Al Qaeda spent planning and executing the attacks – approximately one-fifth of the current national debt. Notably, these...
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What’s Holding Back the U.S. Economic Recovery? Not Consumer Spending...


Saturday September 10th, 2011   •   Posted by Craig Eyermann at 8:11am PST   •   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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World War II Did Not End the Great Depression: Lessons for Today


Friday September 9th, 2011   •   Posted by David Theroux at 5:58pm PST   •   3 Comments

In a very timely new article in The Weekly Standard, “The Ultimate Stimulus? World War Two and Economic Growth,” Arthur Herman refutes the Keynesian economics myth that Big Government spending during World War II ended the Great Depression. In so doing, he bases his analysis on the path-breaking work of Independent Institute Senior Fellow...
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Regime Uncertainty and Job Creation


Thursday September 8th, 2011   •   Posted by Stephanie Freedman at 3:50pm PST   •   1 Comment

In an article by Tad DeHaven called “The Stimulus: The Government Job Creation Myth” discusses how in 2009 the president’s economists claimed that their $862 billion “stimulus” package was the jump start the economy needed. We were told that its passage would keep unemployment from going above 8 percent. Instead, unemployment has remained close to...
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Analyzing the White House’s Mid-Session Fiscal Budget Review


Saturday September 3rd, 2011   •   Posted by Craig Eyermann at 8:54am PST   •   0 Comments

The White House released its long-delayed mid-session fiscal budget review on 1 September 2011. We’re taking our first look at what they’re now forecasting for GDP this year and next. The Obama administration is now predicting that GDP will grow at 1.7% during Fiscal Year 2011 (FY2011), down from the 2.7% it projected in...
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Federal Government Loses the American Popularity Contest


Friday September 2nd, 2011   •   Posted by Stephanie Freedman at 3:21pm PST   •   1 Comment

In a recent Gallup Poll, Americans were asked their sentiment on the various business sectors. For the first year the federal government rated LAST on the list with a positive view at 17%, leaving 63% disgruntled. Gallup explains the results: The sectors Americans view most negatively have all had well-publicized problems in recent years....
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Gary Becker: The Great Recession and Government Failure


Friday September 2nd, 2011   •   Posted by Emily Skarbek at 8:45am PST   •   1 Comment

Gary Becker, University of Chicago Nobel Laureate in economics, has a must read article in today’s Wall Street Journal. The article echos much of what we here at MGC have been arguing – government failure as a cause of the recession, failure of stimulus and monetary policy to boost economic recovery, the necessity of...
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