Author Archive: Craig Eyermann

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

The Bureaucrat Who Hardly Ever Worked


Sunday August 30th, 2015   •   Posted by Craig Eyermann at 1:12pm PDT   •   0 Comments

In this latest episode of our occasional series Bureaucrats Behaving Badly, we’ll focus on “the case of the federal worker who hardly ever worked,” to borrow the Washington Post‘s own headline! Lisa Rein reports: A federal patent examiner racked up more than 18 weeks of pay last year for work he didn’t do, but...
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Straight Outta Incompetence


Monday August 24th, 2015   •   Posted by Craig Eyermann at 6:27am PDT   •   0 Comments

A century ago, Americans going to the recently invented movie theater would often be entertained by short comedy films, such as Mack Sennett’s Keystone Cops series. Aside from the visual gags, many of these early films drew their humor from depicting people employed in a government profession as being something other than competent in...
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Fed Loses Grip on Debt Markets?


Friday August 21st, 2015   •   Posted by Craig Eyermann at 5:57am PDT   •   0 Comments

Bloomberg‘s Lisa Abramowicz is asking the question, “What happens when the Federal Reserve loses its stranglehold over debt markets?” Which after having order break down in the U.S. stock market yesterday, after having held for the previous four years, is a pretty good question to ask. More specifically, she’s looking at the nation’s corporate...
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When a “Great Deal” Turns Bad


Tuesday August 18th, 2015   •   Posted by Craig Eyermann at 8:37pm PDT   •   0 Comments

One of the biggest news items in the past week was the Chinese government’s surprise devaluation of the nation’s currency, the yuan. This week, Bloomberg‘s Mark Whitehouse reports on the fallout, and the potential disruption it will have on the ability of the businesses and governments of other nations to pay their debts: The...
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The United Nations of Debt


Saturday August 15th, 2015   •   Posted by Craig Eyermann at 11:32am PDT   •   0 Comments

Jeff Desjardins of Visual Capitalist has created a unique visualization of how the world’s nearly $60 trillion of money borrowed by various governments, at all levels, is distributed among the world’s nations: Desjardins describes some of the bigger numbers and where they came from: Today’s visualization breaks down $59.7 trillion of world debt by...
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China Unloads U.S. Debt


Wednesday August 12th, 2015   •   Posted by Craig Eyermann at 6:42am PDT   •   0 Comments

China is, by far, the largest foreign lender to the U.S. federal government. But now, with its primarily export-driven economy under stress, it has been shedding its holdings of debt securities issued by the U.S. Treasury. Bloomberg reports on the surprisingly small impact of China’s significant change in its international lending policies: To get...
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The Wrong Solution to Crushing Student Loan Debt


Thursday August 6th, 2015   •   Posted by Craig Eyermann at 9:34pm PDT   •   0 Comments

The story we’re about to share is completely true. It was just published by Bloomberg and describes how the Obama administration is working to relieve the crushing burden of student loan debt by making taxpayers pick up the tab for the wasted education of a 29-year old Chicago woman who graduated with a doctorate...
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Puerto Rico Defaults


Tuesday August 4th, 2015   •   Posted by Craig Eyermann at 8:12am PDT   •   0 Comments

The clock ticking toward Puerto Rico’s default on its debt has finally struck. CNN reports that the U.S. territory just went into default for the first time in its history: The commonwealth paid a mere $628,000 toward a $58 million debt bill due Monday to creditors of its Public Finance Corporation. This will hurt...
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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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