Author Archive: Craig Eyermann

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

U.S. Postal Service: Money Losing Monopoly

Saturday November 21st, 2015   •   Posted by Craig Eyermann at 5:20pm PST   •   0 Comments

Everyone knows that monopolies in business are bad. Writing at CBS News, economist Mark Thoma explained why they’re so bad for consumers: When firms have such power, they charge prices that are higher than can be justified based upon the costs of production, prices that are higher than they would be if the market...
Read More »

National Debt Is Money We Owe Ourselves?

Wednesday November 18th, 2015   •   Posted by Craig Eyermann at 5:44am PST   •   0 Comments

In 2011, New York Times columnist Paul Krugman wrote: People think of debt’s role in the economy as if it were the same as what debt means for an individual: there’s a lot of money you have to pay to someone else. But that’s all wrong; the debt we create is basically money we...
Read More »

VA Executives Plead the Fifth

Friday November 13th, 2015   •   Posted by Craig Eyermann at 6:31am PST   •   0 Comments

It really is a toss up these days as to which is the most criminally corrupt federal government agency. Is it the Internal Revenue Service, the Environmental Protection Agency or the Department of Veterans Affairs? In the horse race of malfeasance, the VA edged into a slight lead last week, as two of its...
Read More »

U.S. National Debt Liabilities

Monday November 9th, 2015   •   Posted by Craig Eyermann at 6:41am PST   •   0 Comments

At $18.61 trillion, most people think the size of the U.S. national debt is just 103% of the nation’s GDP. But according to Dave Walker, the former comptroller general of the U.S. government’s General Accounting Office, the total liabilities of the U.S. federal government add up to $65 trillion, which works out to be...
Read More »

$339 Billion Deeper in Debt

Wednesday November 4th, 2015   •   Posted by Craig Eyermann at 5:32am PST   •   0 Comments

Now that former House Speaker John Boehner’s deal with President Obama to suspend the nation’s debt ceiling until March 2017 is law, the U.S. Treasury Department is ending the shell game that it was playing with the nation’s accounts and trust funds to keep the government running as if it were business as usual....
Read More »

Reconsidering the Compact for a Balanced Budget

Monday November 2nd, 2015   •   Posted by Craig Eyermann at 4:30pm PST   •   0 Comments

Following the headlong rush by a bipartisan coalition of House and Senate members to jetison the only effective restraint on the growth of U.S. government spending in modern history before House Speaker John Boehner’s resignation became effective, it occurred to us that one way that we could quantify the badness of the deal is...
Read More »

Inside a Bad Debt Deal

Tuesday October 27th, 2015   •   Posted by Craig Eyermann at 10:15pm PST   •   0 Comments

In 2011, U.S. House of Representatives Speaker John Boehner realized the most significant achievement of his entire career in the U.S. Congress when he reached a deal with the White House to restrain the growth of U.S. government spending: the Budget Control Act of 2011. Here, using the leverage of the threat of not...
Read More »

Negotiating in Bad Faith

Sunday October 25th, 2015   •   Posted by Craig Eyermann at 9:09am PST   •   0 Comments

Puerto Rico is proving to be something of a case study for how politicians and bureaucrats, when finally faced with the consequences of their excessive spending as they run out of money to pay the debts they racked up to sustain it, will engage in even more unethical conduct to escape them. In today’s...
Read More »

Illinois “Technically Defaults” on Debt

Monday October 19th, 2015   •   Posted by Craig Eyermann at 6:17am PST   •   0 Comments

In mid-August 2015, the state government of Illinois began to “technically default” on payments it owes on its outstanding debt, joining the fiscally troubled U.S. territory of Puerto Rico in the hall of debt shame. Writing at Business Insider, Certified Financial Advisors Michael Comes and John Mousseau describe how that happened and what that...
Read More »

Central Banks Dumping U.S. Government Debt

Thursday October 15th, 2015   •   Posted by Craig Eyermann at 7:10am PST   •   0 Comments

When the economy gets rocky, investors often turn away from riskier alternatives to the world’s safest and most risk-free investment, the debt securities issued by the U.S. federal government, in what is often described as a “flight to quality.” The same phenomenon holds true for the world’s central banks, where the primary financial institutions...
Read More »

Facebook Twitter Youtube RSS

Search MyGovCost