Blog entries tagged with "government intervention"
GOVERNMENT INTERVENTION IN THE ECONOMY
One of the early steps taken in the creation of the federal government was to consolidate the separate debts of the individual states into a single national debt. In 1790 Treasury Secretary Alexander Hamilton presented Congress with the First Report on Public Credit where he argued for the federal government ...
Continue reading "Government Intervention in the Economy"WHY AMERICA NEEDS A RECESSION
After the great depression of the late 1930's, Americans learned a hard lesson. Thrift, fiscal responsibility, and savings replaced the rampant speculation and frivolous spending of the roaring twenties. It was also in large part due to the massive deficit spending of the second world war that helped to ...
Continue reading "Why America Needs a Recession"THE RISE AND FALL OF ARTIFICIAL WEALTH
Below is a Great article by Dr. Michael Intiligator, a presenter for the forthcoming Nexus Symposium.
The article can be found HERE
The projections presented in this paper estimate that the GDP of $14.26T achieved in 2008 will not be achieved again until 2013 on an inflation-adjusted basis and ...
THE FAILURE OF MARKETS AND THE POLITICS THAT FOLLOW
The stock market crash of 1929 and the recent housing market crash are strikingly similar in respect to their causes and the government’s subsequent responses. In “the 1920s, banks began to loan money to stock-buyers since stocks were the hottest commodity in the marketplace. Banks allowed Wall Street investors ...
Continue reading "The Failure of Markets and the Politics that Follow"