Jeffrey A. Miron is a senior lecturer in economics at Harvard University. He is a Libertarian and was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan. His commentary, entitled Bankruptcy, Not Bailout, is the Right Answer, was published today at CNN.com and the American […]
Government Bailout is Wrong Solution Read More »
Think about this with me for a minute if you would. The government is asking us taxpayers to hand over $700 billion more dollars on top of the $2+ trillion we already give them (or they obligate us with in the form of debt). That’s an enormous amount of money. Today there is an Associated
How Big is $700 Billion Really? Read More »
A few hours ago the U.S. House of Representatives defeated the $700 billion “emergency rescue” package designed to boost our nation’s financial systems and prevent an economic meltdown. More than two-thirds of Republicans and 40% of Democrats voted against this legislation. AP Reporter Julie Hieschfeld Davis reported the following comments from Speaker of the House
Did Pelosi Deliberately Poison the Bailout Package Vote? Read More »
I watched the first Presidential Debate between Senators John McCain and Barack Obama that was held last Friday in Oxford, Mississippi. I wish I could have been there, especially considering it was only about a 90 minute drive from home, but I didn’t make the tiny list allowed to attend. As for the debate, I
My Response to the First Presidential Debate Read More »
Remember this simple fact whenever a political candidate or government official tells you he or she will give you something: Government does not have anything to give that it does not first take from somebody else. It’s an axiomatic truth that our government cannot give us anything unless it first takes it from somebody else.
Washington: It’s Our Money You’re Spending Read More »