Posts Tagged ‘Economics’

Wasteful Federal Consumer Financial Protection Bureau Will Hurt Consumers


Monday May 9th, 2016   •   Posted by K. Lloyd Billingsley at 5:00am PDT   •   0 Comments

As we observed in “Financial Crisis and Leviathan,” a deep recession, widespread unemployment, and fathomless debt were the prevailing conditions when the Obama administration created the federal Consumer Financial Protection Bureau in 2011. The CFPB was based on the premise that consumers were unable to look out for themselves without help from the federal…
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A Fresh Perspective for Occupy Wall Street


Sunday October 16th, 2011   •   Posted by Emily Skarbek at 9:32am PDT   •   6 Comments

The Occupy Wall Street demonstrations are lackluster at best. One troublesome aspect of the whole “movement” concerns the poor economic logic underlying their causes. The occupiers are targeting the wrong enemy when they claim corporate greed and income inequality caused by capitalism is generating the problems in Washington. These claims have been propagated by…
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How Many More Trillion$ for Defense?


Wednesday October 27th, 2010   •   Posted by Joshua Kaplan at 7:28pm PDT   •   2 Comments

In the new article on runaway spending from the Pentagon, “How Many More Trillion$ for Defense?”, Independent Institute Research Fellow Winslow Wheeler explains the dire need for effective budgetary controls over the Pentagon. As it stands the Pentagon “is literally ‘unauditable.’” “Since Sept. 11, 2001, Congress and the Defense Department have added more than…
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A Smaller, Older, Less Prepared Military: Where Is the Payoff for Huge U.S. Budget Hikes


Wednesday October 13th, 2010   •   Posted by Joshua Kaplan at 8:40pm PDT   •   0 Comments

In a new article in Defense News, Winslow Wheeler reports on the trillions of dollars of wasteful spending by the Pentagon, and the poor state of the armed forces that result: “You’d think all that added money would give us larger forces, a newer hardware inventory and better trained people. Instead, the windfall made…
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The Deficit’s Dark Secret


Wednesday September 8th, 2010   •   Posted by Emily Skarbek at 5:37pm PDT   •   5 Comments

The New York Times on Monday, columnist Peter Orszag addresses the important issue of the the unsustainable budget deficit problem and the current high unemployment. What Orszag suggests as a “compromise” neglects the heart of both problems. Orszag suggests that “ideally only the middle-class tax cuts would be continued for now” but that doing…
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Is Democratic Reform of Deficit Finance Possible?


Friday September 3rd, 2010   •   Posted by Emily Skarbek at 12:34pm PDT   •   0 Comments

For many, economic logic and application to a wise management of finances is a chore considered best left to the “professionals”. After all, crunching numbers given the vast array of rules and regulations can be taxing (pardon the pun). However, debt finance is a particular economic subject that can be easily understood and just…
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Defense Spending Is Much Greater than You Think


Tuesday August 24th, 2010   •   Posted by Robert Higgs at 4:16pm PDT   •   1 Comment

When President Obama presented his budget recently for fiscal year 2011, he proposed that the Pentagon’s outlays be increased by about 4.5 percent beyond its estimated outlays in fiscal 2010, to a total of almost $719 billion. Although many Americans regard this enormous sum as excessive, few appreciate that the total amount of all…
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