Author Archive: Craig Eyermann

Craig Eyermann is a Research Fellow at the Independent Institute.
Full biography and recent publications

When Government Builds a Business


Friday July 31st, 2015   •   Posted by Craig Eyermann at 6:37am PDT   •   0 Comments

What if the U.S. federal government were to build a brand-new business from scratch? Would it, with the full backing of the resources of the U.S. government, be an unparalleled success? Or would it—because none of the people who work for the government are really smart enough, capable enough, or competent enough to run...
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Fed Official: U.S. Should Borrow More


Monday July 27th, 2015   •   Posted by Craig Eyermann at 8:08pm PDT   •   0 Comments

Earlier this month, the president of the Federal Reserve Bank of Minneapolis, Naranya Kocherlakota, said a pretty amazing thing. Michael Derby of the Wall Street Journal reports: “I want to be clear at the outset that I am not saying that it is appropriate for fiscal policy makers to increase the long-run level of...
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More Ghoulish Bureaucrats Behaving Badly


Friday July 24th, 2015   •   Posted by Craig Eyermann at 7:05am PDT   •   0 Comments

Earlier this week, we featured a story about the misconduct of an employee of the Department of Veterans Affairs who is expected to plead guilty for stealing gravestones from a national cemetery in Rhode Island, which he used as flooring in a shed and garages on his own property. But a more serious matter...
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Ghoulish Bureaucrats Behaving Badly


Monday July 20th, 2015   •   Posted by Craig Eyermann at 8:19pm PDT   •   0 Comments

It’s been a while since we featured a new episode of our occasional series Bureaucrats Behaving Badly, and to tell the truth, we debated waiting until Halloween to tell this particular tale, but because it’s just been in the news, we really can’t resist. Today’s story comes to us by way of the Washington...
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Should the U.S. Ditch the Debt Ceiling?


Friday July 17th, 2015   •   Posted by Craig Eyermann at 6:41am PDT   •   0 Comments

That’s the question Nick Timiraos of the Wall Street Journal raised in a recent article on the findings of a study by the U.S. General Accountability Office (GAO), in which the agency investigated the impact that hitting the nation’s debt ceiling has had in the past. The question is, of course, relevant today because...
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CBO Director Issues Warning on National Debt


Monday July 13th, 2015   •   Posted by Craig Eyermann at 6:26am PDT   •   0 Comments

Congressional Budget Office Director Keith Hall, who has been on the job since February 27, 2015, testified about the state of the U.S. national debt on July 9, 2015. CNSNews’ Terence Jeffrey reports on Hall’s testimony before the U.S. Senate’s Homeland Security and Governmental Affairs Committee, in which he described how the CBO projects...
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Subsidized Loans Are Inflating Cost of College


Friday July 10th, 2015   •   Posted by Craig Eyermann at 1:02pm PDT   •   0 Comments

Three researchers at the New York branch of the Federal Reserve, David O. Lucca, Taylor Nadauld and Karen Shen, have just published the results of their study into whether federal government-backed or -issued student loans and other forms of government assistance are contributing to the rise in college tuition. Here’s their key finding, as...
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Now Showing: Love Gov!


Monday July 6th, 2015   •   Posted by Craig Eyermann at 7:41am PDT   •   1 Comment

Today, the Independent Institute is launching a fun, five-part, satirical, YouTube web series called Love Gov! Here’s more information on what the series is about: “Love Gov is a way to help anyone, especially Millennials, understand the federal government’s ever-expanding reach into personal lives,” says David J. Theroux, Founder and President of Independent Institute....
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American Debt in Patriotic Colors


Friday July 3rd, 2015   •   Posted by Craig Eyermann at 2:54pm PDT   •   0 Comments

This year, to mark the Fourth of July holiday, we’re featuring a chart showing the growth of the U.S. federal government’s spending, tax collections and the national debt from 1940 through 2014, using patriotic colors: Probably the most amazing thing this chart reveals is how much faster the nation’s total public debt outstanding grows...
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Puerto Rico’s Debt Clock Runs Out of Time


Tuesday June 30th, 2015   •   Posted by Craig Eyermann at 6:15am PDT   •   0 Comments

Back in December 2013, we featured a chart that showed how much debt per resident that Puerto Rico had accumulated. It also showed that Puerto Rico was second only to Detroit, Michigan, which had back then recently declared bankruptcy. Here is what we said at the time: Considering Puerto Rico’s situation, in the absence...
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