Harry Reid announced recently that millionaire job creators are “imaginary,” just like the “unicorns” that apparently advise him on economics: Senate Majority Leader Harry Reid (D-Nev.) suggested on Monday that millionaires who create jobs are…
Daily Analysis
Real-World Evidence Showing that Unemployment Insurance Benefits Increase Unemployment
I’ve written before about the perverse impact of the unemployment insurance program, and I’ve even cited how left-wing economists such as Paul Krugman and Larry Summers admit that you get more joblessness when you pay people for not working. I’ve even shared a very…
New Video Punctures Myths about Great Depression, Exposes Damaging Impact of Statist Policies by Hoover and FDR
I’ve commented many times about the misguided big-government policies of both Hoover and FDR, so I can say with considerable admiration that this video packs an amazing amount of solid info into about five minutes. Perhaps the most surprising bit of info in the video…
European Central Bank Research Shows that Government Spending Undermines Economic Performance
Europe is in the midst of a fiscal crisis caused by too much government spending, yet many of the continent’s politicians want the European Central Bank to purchase the dodgy debt of reckless welfare states such as Spain, Italy, Greece, and Portugal in order to prop…
Europe’s Clueless Politicians Are So Incompetent that They Can’t Even Figure Out How to Do the Wrong Thing
There’s always been a simple and desirable solution to Europe’s fiscal crisis, but nobody in Europe wants to do the right thing because it means admitting the failure of big government and it would result in less power for the political elite. So we get the spectacle…
Just in Case You Needed More Evidence that Obama’s Faux Stimulus Was a Failure
Much of the “stimulus” debate has revolved around macroeconomic issues. Obama squandered about $800 billion, supposedly to “jolt” the economy, but growth has been anemic and the employment situation has been miserable. But it’s equally instructive to look at the…
On Economic Matters, Is Obama Clueless, Indifferent, or Deliberately Destructive?
I’ve been a relentless critic of Obama’s policies of redistributionism, class warfare, and cronyism, so I didn’t feel I had anything new to say after Obama gave what’s being called his “Teddy Roosevelt speech” in Kansas earlier this week. But David Harsanyi has an…
Big Spenders Gone Wild
Last month, I shared a video about bloated bureaucracy from a group called Government Gone Wild. That generated a big response, so here’s another video from the same group, only this one looks at egregious examples of government waste. If you like videos on wasteful…
A Simple Lesson about Job Creation for Barack Obama
Even though leftist economists such as Paul Krugman and Larry Summers have admitted that unemployment insurance benefits are a recipe for more joblessness, the White House is arguing that Congress should enact legislation to further subsidize unemployment. It’s…
When Will We Learn that Regulation Is the Problem rather than the Solution?
I’ve explained on many occasions how the financial crisis was largely the result of government-imposed mistakes, and I’ve paid considerable attention to the role of easy money by the Federal Reserve and the perverse subsidies provided by Fannie Mae and Freddie Mac….