“Defense Spending No Longer ‘Sacred Cow’ to Republicans Searching for Cuts” – Bloomberg

– May 31, 2011

“As the House Budget Committee worked on a Republican plan to cut more than $6 trillion of government spending over a decade, the panel’s senior Democrat proposed a symbolic amendment saying national security costs should be included in any responsible …

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The Central Planning Elephant in the Room

– May 23, 2011

Roberts and Papola have done it again: a rap video that explains the divergent views of two of the most prominent economists of the 20th century. It’s  better than most textbooks, and entertaining to boot. It’s “Fight of the Century.” The video is a fo …

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“Why the U.S. Needs to Stop Dodging the Debt Bullet” – Forbes

– May 17, 2011

“Practically speaking,a ceiling that is raised automatically is no ceiling at all. Given that, why not dispense with the pretense? The reason is politics. No Congressman wants to be on the record voting for unlimited debt, yet most are willing to rail …

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“Slow Growth, Inflation Makes US Bonds Bad Buy: Gross” – CNBC

– May 16, 2011

“The US economy is headed for a period of higher inflation and lower growth that makes the nation’s debt unappealing when measured against its global competitors, Pimco’s Bill Gross told CNBC. The head of the world’s largest bond firm, with nearly $1.3 …

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“U.S. Government Spending Is the Biggest Threat to Economic Recovery” – Money Morning

– May 12, 2011

“Bernanke continues to dismiss inflation as a big U.S. economic concern, and the Fed decided last week to keep interest rates between 0.00% and 0.25% “for an extended period.” But U.S. consumers have complained that sky-high gasoline prices are eating …

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A Tiger by the Tail – Hayek

– May 5, 2011

“F.A. Hayek said that his biggest regret in a lifetime of writing was that he never wrote a book-length refutation of Keynesian economics. He seriously doubted that Keynesian style planning would ever captivate governments, so he focused on different t …

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“From Pleasant Deficit Spending to Unpleasant Sovereign Debt Crises” – White

– May 5, 2011

“Economists have long disagreed seriously about the costs and benefits of government budget deficits and debt. Following the Second World War, a clash between Keynesian and―orthodox fiscal policy views arose. The debate waned as fiscal Keynesianism won …

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“Targeting Inflation at 2% Is Too Low” – DeLong

– May 4, 2011

“First, the question is not whether the Federal Reserve should raise its target inflation rate above 2% per year. The question is whether the Federal Reserve should raise its target inflation rate to 2% per year. On Wednesday afternoon, the Federal Res …

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“Federal Reserve’s Politicization Is Dangerous”

– May 2, 2011

“It might help getting our minds around what is so wrong in America today by thinking about the local police force. It’s not hard to understand that the job of the police is to protect lives and property. Suppose we decided to broaden their mandate. Su …

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“Debt Limit Standoff: 10 Things to Watch” – The Hill

– April 27, 2011

“Republicans and Democrats on Capitol Hill are strategizing for what is expected to be a bruising debate on raising the nation’s debt limit and reining in government spending. The Obama administration has set an early-July deadline for lifting the $14. …

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“Debt-Ceiling Strategies” – NRO

– April 26, 2011

“The conventional wisdom in Washington — on the left and among many on the right — is that the debt ceiling must be raised in order to avoid defaulting on the national debt, a potentially catastrophic scenario, the thought of which has business and fin …

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“Monetary Reform: The Key to Spending Restraint” – WSJ

– April 26, 2011

“No man in America is a match for House Budget Committee Chairman Paul Ryan on the federal budget. No congressman in my lifetime has been more determined to cut government spending. No one is better informed for the task he has set himself. Nor has any …

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