A must-read end-of-the-week Linkfest, in the midst of a critical national debate: American Thinker's Randall Hoven strikes again, this time with a less controversial and heavily fact-laden piece - reviewing some of the abundant evidence that economic freedom promotes economic growth and the failed history of massive government so-called "stimulus" projects. It's a worthy read. (If the article above triggers your curiosity and interest, and you live in Colorado, then I also strongly recommend you take a look at signing up for the Free People, Free Markets class.) Along the same lines, the Wall Street Journal has been a great place to stay informed. Earlier this week the Journal featured a terrific, hard-hitting piece by economists … [Read more...]
Rossputin Explains Why The Current Recession is So Uniquely Bad
A few days ago I raised the question based on a provocative American Thinker essay by Randall Hoven: How deep is this recession? Is it really the worst crisis in 70 years? I am not that well versed in - nor closely attuned to - macroeconomic data and the trends they indicate. Something seemed incomplete in the essay. So I'm glad to see that Rossputin has weighed in with a thoughtful and thorough response, disagreeing with Hoven. Whether you are more swayed by Hoven or Rossputin, Rossputin's conclusion is something we all should easily be able to agree with:The Democrats’ medicine will be worse than our current illness, and will turn what should have been a moderately annoying case of the fiscal flu into a devastating economic … [Read more...]
How Deep is This Recession? Is It Really the Worst Crisis in 70 Years?
At American Thinker, Randall Hoven uses some firsthand research of federal statistics to turn down the volume on the alarm of economic "crisis". Hoven shows that while the current recession has not yet quite reached its peak, on several major measures it's not as bad as several others since World War Two:So simply going by averages, this recession should end this year, maybe even in this quarter or the next. If things go bad, or no worse than in the last 60 years, we might not pull out of it until late this year, with lousy employment figures lagging into 2010. By the way, none of the previous recessions was ended by the government spending a trillion dollars. Our current deficit is projected to be 7% of GDP or more. The deficit never … [Read more...]
Do Social Cons and Libertarians Have More in Common Politically?
Lately I feel like I've been doing a lot of refereeing and discussion about the libertarian-social conservative debate. Along those lines, I believe my readers would gain a lot of insights from this American Thinker essay by libertarian Randall Hoven:Social conservatism is taking a beating lately. Not only did it lose in the recent elections, it is being blamed for the Republican losses. If only the religious right would get off the Republican Party's back, the GOP could win like it is supposed to again. I beg to differ. I'm anything but a social conservative. In nine presidential elections, I voted Libertarian in six. I am a hard core "limited government" conservative/libertarian; I want government out of my pocket-book and out of … [Read more...]