Author Archive: Craig Eyermann

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

Puerto Rico Officially Defaults on Its Debt


Monday May 2nd, 2016   •   Posted by Craig Eyermann at 5:50am PDT   •   0 Comments

The shell game is officially over – today, the U.S. commonwealth government of Puerto Rico will default on making $442 million in payments to its creditors. USA Today reports the news: Puerto Rico Gov. Alejandro García Padilla said Sunday afternoon in a televised address that he had ordered the island’s Government Development Bank not...
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Why Government Subsidies Fail


Friday April 29th, 2016   •   Posted by Craig Eyermann at 6:49am PDT   •   0 Comments

A very cool YouTube video from Burton Folsom on why private investors are so much more successful at realizing technological achievements than are the kinds of schemes that are subsidized by the government: In addition to being very personally invested in the outcome of their endeavors, there is also a big difference in the...
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Bureaucrats Behaving Badly: HUD Edition!


Monday April 25th, 2016   •   Posted by Craig Eyermann at 7:06am PDT   •   0 Comments

The U.S. Department of Housing and Urban Development (HUD) has the mission to “create strong, sustainable, inclusive communities and quality affordable homes for all.” To do that, the U.S. government entity has established a five point agenda: Strengthen the housing market to bolster the economy and protect consumers Meet the need for quality affordable...
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Who Is Second Worst?


Friday April 22nd, 2016   •   Posted by Craig Eyermann at 6:46am PDT   •   0 Comments

By any fiscal measure, the government of Puerto Rico is the worst off of all state or territorial governments within the United States. But which U.S. state or territory is the second worst off? In discussing the state of the city of Chicago, City Journal‘s Aaron Renn makes a strong argument that it is...
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National Debt as a Weapon


Tuesday April 19th, 2016   •   Posted by Craig Eyermann at 5:27am PDT   •   0 Comments

Today, President Obama is traveling to Riyadh, Saudi Arabia to meet with that nation’s new king for the first time. But there’s a problem. There is legislation currently making its way through Congressional committees on Capitol Hill that threatens the interests of Saudi Arabia’s government, in that if it becomes law, would expose the...
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Time Magazine Discovers America’s National Debt Problem


Saturday April 16th, 2016   •   Posted by Craig Eyermann at 8:41am PDT   •   0 Comments

It only took them about 7 years to notice it, but the editors of Time Magazine may have finally recognized that the United States has perhaps a bit of a problem with having grown such a large national debt during that time. Economist and financial journalist Jim Grant, perhaps better know for his highly...
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Pensions for Public Servants to Force Government Failures


Wednesday April 13th, 2016   •   Posted by Craig Eyermann at 5:57am PDT   •   0 Comments

Investor’s Business Daily editorializes on the biggest problem that state and local governments face across the United States: A new report by Hoover Institution Senior Fellow Joshua Rauh shows that, unless action is taken soon, many local governments could face bankruptcy because they can’t meet their pension obligations. “This study shows that unfunded pension...
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The Next Recession Will Blow Out the U.S. Budget


Saturday April 9th, 2016   •   Posted by Craig Eyermann at 11:57am PDT   •   0 Comments

John Mauldin is an investment advisor who often explores the big picture on economic matters in his thought-provoking weekly columns. In his March 30, 2016 column, he weighs a what if scenario: What will the next recession mean for the state of the U.S. federal government’s finances? He starts by describing the U.S. government’s...
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Obamacare’s “Monstrous Forecasting Boo-Boo”


Monday April 4th, 2016   •   Posted by Craig Eyermann at 6:01am PDT   •   0 Comments

Last month, the Congressional Budget Office released a report examining the state of the subsidies that would be paid out to people who purchased health insurance through the government’s Affordable Care Act exchanges in each state over the years from 2016 through 2026. CBO reports typically make for some pretty dry reading, so we’re...
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How Bureaucrats Think


Thursday March 31st, 2016   •   Posted by Craig Eyermann at 7:51am PDT   •   1 Comment

We came across a really interesting example that exemplifies the difference in the way people in the private sector think versus how people who work for government think! In the private sector, thanks to modern computing technologies, many businesses are able to automate a vital portion of their businesses: the taking of orders for...
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