Great Depression
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EconomicsFeaturedGovernmentPolitics
Hillary/Obama Democrats Vs. Kennedy Democrats
by Peter Ferrara November 3, 2016John F. Kennedy campaigned for president in 1960 targeting 5% real economic growth. After he was elected, he achieved that goal, doubling the slow growth of the Eisenhower 1950s.
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Budgets/TaxesFeatured
Peter Ferrara Discusses the Worst Recovery Since the Great Depression
by Donald Kendal August 18, 2016Heartland Senior Fellow Peter Ferrara joins the Made In America radio show with host Neal Asbury to talk about a new Heartland policy brief titled “Why the United States Has Suffered the Worst Economic Recovery Since the Great Depression.”
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Budgets/TaxesEconomicsFeatured
U.S. Economy Is Worse Than Claimed
by Edmund Contoski October 16, 2015Beginning in 1983 the government changed its method of calculation to show lower inflation by excluding food and energy, claiming they were too volatile to be reliable indicators. The result is the so-called “core inflation” CPI, which is a favorite of the Federal Reserve. The latest figure for this CPI reported by the Bureau of Labor Statistics is 0.4% (for August and also July), but if calculated by the method used in 1980 the inflation rate would be 7½ percent, as shown by Shadow Government Statistics (ShadowStats.com).
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FeaturedLegal AffairsLibertyPolitics
Cato University Day Four: The Constitution and U.S. History
by Danni Ondraskova July 31, 2015On Wednesday, Georgetown Law School Professor Randy Barnett started with a lecture on the two traditional visions of the Constitution. Proponents of the well-known democratic Constitution contend rights are derived…
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FeaturedLiberty
Celebrating The Work Of Nobel Prize Winning Economist, F.A. Hayek – A Man Who Has Made the 21st Century a Freer and More Prosperous Time
by Richard Ebeling October 6, 2014Forty years ago, on October 9, 1974, the Nobel Prize committee announced that the co-recipient of that year’s award for economics was the Austrian economist, Friedrich A. Hayek. Never was there a more deserving recognition for one of the truly great free market thinkers of modern times.
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Budgets/TaxesEconomics
Fed Follies: Central Bank Continues to Force Economy in Wrong Direction
by Richard Ebeling August 26, 2014For more than a decade, now, Federal Reserve policy has been guided by the fear of one economic bogyman: the presumed danger of “price deflation.” The fear is unfounded and the inflationary “solution” only leads to disaster.
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Budgets/TaxesEconomicsFeatured
How To Liberate America From The Poverty Trap That Is Enslaving Us
by Peter Ferrara April 23, 2014Instead of deregulation to reduce unnecessary, stifling regulatory burdens and barriers, as both Carter and Reagan did to such fully documented success, Obama regulates mercilessly as if regulation is cost free to the economy, as the most interventionist President in American history.
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The American Public Transportation Association (APTA) is out with news of higher transit ridership. APTA President and CEO Michael Melaniphy characterizes the new figures as indicating “a fundamental shift going on in the way we move about our communities.” Others even characterized the results as indicating “shifting consumer preferences.” The data shows either view to be an exaggeration.
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Budgets/TaxesEconomicsFeatured
Where the U.S. Economy Is Going, and Why
by Edmund Contoski January 20, 2014The full bill for Obama’s failed economic policies has yet to arrive. But no such explosion of debt has ever escaped a day of reckoning, and no such monetary surge has ever had a happy ending.
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Budgets/TaxesEconomicsFeaturedPolitics
Barack Obama’s Presidency Is A Complete Failure By His Own, Self-Imposed Standards
by Peter Ferrara January 4, 2014At the end of 2013, after serving five years, Barack Obama is a complete failure as President, by his own standards, as reflected in his own words.
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As a longtime book reviewer, I have read a growing stack of books warning about a financial collapse, but Holland’s book is not only based in the actual debt, but is written in a manner that even a person who has no knowledge of this issue can understand.
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EconomicsFeatured
Time to End America’s Century of Central Bank Mismanagement
by Richard Ebeling December 10, 2013One hundred years ago this month, on December 23, 1913, the Congress passed the Federal Reserve Act, establishing a national central-banking system in the United States. The governing board of the Federal Reserve was organized on August 12, 1914, and the Federal Reserve banks opened for operation on November 16, 1914.
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EconomicsFeaturedPolitics
Did The BLS Give Obama A Major Election 2012 Gift?
by Peter Ferrara November 29, 2013The unemployment rate dropped dramatically just before the 2012 presidential election. Then we find out the stats were bogus. Coincidence? I don’t think so.