There are some bright spots in the midst of the seemingly unstoppable growth of government. Citizens of every stripe are beginning to wake-up to the dangers and stupidity of the meddling in private affairs of this current administration. And for all of my sports fans who don’t think much about government, economics and the constitution [...]
Tag Archives: George Mason University
Time for U.S. to declare bankruptcy
Scott Beaulier, and , Peter L. Boettke, Commentary: East Valley Tribune.com November 16, 2009 – 11:47AM The Treasury Department — whose mission has ostensibly expanded to include management of government finances, the promotion of economic growth and stability, and the provision of safety, soundness, and security in financial systems — will hit its debt ceiling [...]
Posted in Austrian Economics, Economics 101 Also tagged Adam Smith, Bankruptcy, F. A. Hayek, Independent Institute, Mercer University, Peter Boettke, Scott Beaulier Leave a comment
On the Austrian Theory of the Trade Cycle, Part I
If you really want to understand the causes of the boom and bust cycles of our economy you need to study the Austrian schools, theory of the trade cycle. Donald Boudreaux, chairman of the economics department at George Mason University, does an excellent job of boiling it down, for the non-economist, into the basic concepts [...]
Extraordinary Times Requires…Well Ordinary Economics
Post by Dr. Peter Boettke I remained amazed concerning the mass hysteria of my chosen profession in times of adjustment. Why do we even talk of “depression economics” as if the lessons of economic science drastically change? Would it make sense to talk of “depression physics” or “depression biology”? Wouldn’t the teachings of physics and [...]
Let’s Clear Away the Fog Surrounding the Economic Recovery Debate
Simple and clear analysis like Dr. Boettke’s excellent post, “Some Basic Economics of Public Policy,” [posted below] and that of fellow economist Dr. Steve Horwitz are the kinds of arguments that will help the average citizen see through the fog so prevalent in Washington, D.C. An excerpt from Dr. Horwitz’s post and the link follow: [...]
Posted in Economics 101, Free Markets Also tagged Family Planning Policy, Liberals, Steve Horwitz, Stimulus Package, Stimulus Plan Leave a comment
Some Basic Economics of Public Policy
Dr. Peter Boettke, University Professor of Economics at George Mason University writes, “…The US has made a lot of bad policy choices that violate the teachings of basic economics and common-sense for over half a century. We have not yet destroyed the US economy through these choices, but we are potentially on that path. The [...]
Posted in Economics 101, Free Markets, President Obama Also tagged Basic Economics, monetary policy, Peter Boettke, Public Choice Leave a comment
