Times recently ran an “analysis” article entitled, “ Debt Problem’s Sure Cure: EconomicGrowth .” This is something that falls into the category of “Gee, why didn’t I think
seem wildly optimistic. One example is the trustees’ projection that the growth in expenditures will average 2.98 percent to 2019. The historical data show ensure these payments can be made. The size of the unfunded liability depends on economic assumptions, and estimates range from $50 trillion to over $100 trillion.
[ Economic Controversies (20011). This paper was originally published by FEE in 1957.] spelled out his “single tax” program Progress and Poverty, one of the best-selling economic works of all time. According to E.R. Pease, socialist historian and into the future. The increment is said to be “unearned” because it stems from the growth of civilization rather than from any productive activities of the site owner.
from perfect. Nationally, unemployment still lingers in the low nines, with job growth clocking in at a meager 18,000 — a figure that will surely be revised to the market interventionists themselves, many of whom were confident in rosier economic data some 12 quarters since the Troubled Assets Relief Program was forced,
If there is one issue that pops up again and again in my conversations about economics with interested noneconomists, it is manufacturing. There’s a genuine in December [2010] from 56.6 in the previous month. Any reading over 50 indicates growth. The latest is well above the recession’s low of 32.5, hit in December 2008. an issue that should be of great concern to those of us who study the effects of economic interventionism. It is obvious that current levels of manufacturing output
observers assume, i.e., just milder inflation. Instead, it will be an outright economic bust. This article explains the real story behind the commonly espoused As Figure 1 shows, it is doing just that. Figure 1: Slowing Chinese money supply growth (the increase in late 2008 led to China’s current high inflation rates) In are “starting to backfire,” as shortages are the natural result of price controls. EconomicGrowth as a Problem The report also says that not only is inflation a
Gallaway, but maybe more should. They are the authors of Out of Work , the best economic history of 20th-century America and an indictment of all the monstrous and on welfare spending, Vedder and Galloway find that welfare is harmful to economicgrowth, entrepreneurs, workers, and children. Very harmful. A mere $100 billion
Is it possible that the ghastly unemployment, stagnant growth (and possible double-dip recession), and financial market convulsions all can Perhaps. Monetary policy is the most recondite yet most pervasive and powerful of economic forces. Keynes, in The Economic Consequences of the Peace , wrote, There is
and Happier • By Edward Glaeser • Penguin, 2011 • 400 pages] The housing and economic crash of 2008 kept more people from moving to cities during the last decade. that while urbanization continues, it slowed in the last decade to 10.6 percent growth in metropolitan areas of more than 1 million. This growth rate is down from
is over and we are in a period of recovery. In fact, the National Bureau of Economic Research (NBER), the official voice on this matter, tells us that the As the employment numbers are released, it becomes increasingly clear that job growth is anemic. So what is causing this jobless “recovery”? To answer this
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.