President Trump has tapped Mick Mulvaney head of the Office of Management and Budget, to run the Consumer Financial Protection Bureau, a bad sign for a number of reasons. As we noted back in 2012 in Financial Crisis and Leviathan, the CFPB was created during the greatest financial crisis since the Great Depression, not…
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Americans are skeptical about the federal government’s ability to lead a recovery from the Great Recession, according to Diminished Lives and Futures: A Portrait of America in the Great-Recession Era, a national survey from the John J. Heldrich Center for Workforce Development at Rutgers University. Those surveyed have good reason for that belief. Near…
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In “Stimulus price tag once again lurches higher,” Stephen Dinan reports in the Washington Times that according to the Congressional Budget Office, the cost of Obama’s “economic stimulus” package (American Recovery and Reinvestment Act of 2009 or ARRA) has now risen by another $40 billion. Congress’s chief scorekeeper said Wednesday that the price tag…
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In his recent article in Investor’s Business Daily, “Uncertainty Continues To Depress Jobs,” Robert Higgs (Senior Fellow, The Independent Institute) discusses how the U.S. government’s interventionist and spending policies are prolonging high unemployment by creating a climate of massive economic uncertainty: President Obama, in his State of the Union address, promised to focus on…
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