Buried in a January 7th Heritage WebMemo by J.D. Foster and Bill Beach is this passage explaining in careful logic via eloquent metaphor the nature of, and reasons for, economic growth: The American economy does not rise and fall with the level of aggregate demand or deficit spending. Further, government cannot simply pump up total demand through deficit spending. The deficit for 2009 is already projected to exceed $1 trillion, so if deficit spending were effective, the economy should already be poised to take off. Yet the economy is contracting …
This fall Pajamas Media launched a new venture called Pajamas TV. Anticipating growth in online video and Internet TV, Pajamas recruited some of the country’s top bloggers to serve as on-air hosts, including Michelle Malkin, Glenn Reynolds of Instapundit, Hugh Hewitt of Townhall, Charles Johnson of Little Green Footballs and John Hinderaker of Power Line. The Heritage Foundation is partnering with Pajamas TV to provide commentary and analysis from our analysts. Earlier today Bill Beach of Heritage’s Center for Data Analysis marked Heritage’s debut on Pajamas TV during an interview …
