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  • economic growth

    Video: The Empirical Evidence Against Big Government

    CATO’s Dan Mitchell has a new video out produced by The Center for Freedom and Prosperity Foundation on the relationship between governemnt spending and economic growth. Watch: [youtube]http://www.youtube.com/watch?v=4pdmNynEwYA[/youtube] If all of those cites to ecnomic papers flashed by too quickly, don’t worry. You can find many of them in this … More

    Mad High Tax Rates

    On this week’s season premiere of the popular AMC show “Mad Men” viewers were reminded about the punitive high tax rates in the 1960s: [youtube]http://www.youtube.com/watch?v=tx8bQ-hqIUY[/youtube] This episode of Mad Men takes place in 1963, when the top income tax rate was 91 percent on incomes over $200,000 ($400,000 for married … More

    California: The National Petri Dish

    Supposedly, trends start in California and then spread to the rest of the country, a notion that seems to be confirmed by the latest economic news. In May, California’s unemployment rate hit 11.5 percent—the highest it has been since 1941. This morning, we learn that unemployment for the entire country … More

    Temporary Tax Rebates Do Not Stimulate Economic Growth

    The Congressional Budget Office (CBO) recently released a paper: Did the 2008 Tax Rebates Stimulate Short-term Growth? The paper is a comprehensive summary of the best recent literature on the topic. CBO sorts the literature into three categories: Studies that used detailed data about individual spending to study the effects … More

    Earth Day Update: Economic Growth is the Answer

    Great post by the New York Times John Tierney titled Use Energy, Get Rich and Save the Planet: When the first Earth Day took place in 1970, American environmentalists had good reason to feel guilty. The nation’s affluence and advanced technology seemed so obviously bad for the planet that they … More

    Obama’s Tax Claims Contradict Reality

    President Obama marked Tax Day with a speech touting his tax policies. He made several claims about how his policies will improve the economy, most of which don’t hold up under close scrutiny. Here are a few of the more egregious examples: President Obama claimed the tax cuts in the … More

    Put Your Hands Together!

    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 … More

    Wisconsin's New 'Pork Czar'

    As states begin to line up for their portion of the Pelosi-Reid-Obama debt plan, many of them aren’t even waiting for the legislation to be passed to prepare the ways they can spend your tax dollars.  In Wisconsin, Gov. James E. Doyle went as far as creating an “Office of Recovery … More

    Heritage Stimulus Plan Gets Plug at Economic Hearing

    Heritage’s Bill Beach testified at yesterday’s Economic Recovery Working Group hearing on Capitol Hill about an alternative to the misguided Keynesian stimulus package liberals in Congress are advocating. The hearing came a week after President-elect Barack Obama invited alternative suggestions for promoting economic growth. Obama’s openness to alternatives prompted Republican … More

    Keynesian Economics Is Wrong

    Dan Mitchell of the Cato Institute does an excellent job explaining why Keynesian fiscal strategies do not work in this new video from the Center for Freedom and Prosperity Foundation. It’s more important than ever to combat the myths of Keynesianism with President-elect Barack Obama proposing a massive government spending … More