Some Links
by Don Boudreaux
on March 12, 2015
George Will writes eloquently about that great geyser of cronyism, the U.S. Export-Import Bank. A slice:
Progressivism postulates what realism about government refutes — the congruence of the government’s interests and the public’s needs. Sen. Elizabeth Warren (D-Mass.) — rhetorical scourge of Wall Street, big banks, the 1 percent, etc. — supports Ex-Im, even though it helps to fatten seven- and eight-figure compensation packages for the leaders of some large U.S. firms, which get the lion’s share of the bank’s resources.
And for the many Republicans out there who continue to believe that their party is the party of free markets and of principle, Tim Carney has some depressing news.
Cato’s Alan Reynolds is understandably disappointed in U.S. Council of Economic Advisors’ Chairman Jason Furman’s mistaken take on recent U.S. economic history.
Bob Murphy explains that markets see ahead much further in time – and more clearly – than does government.
Paul Samuelson really should have had a better grip on 20th-century American history.
In this podcast with my former student Caleb Brown, Antony Davies discusses (among other topics) the fallacious, if popular, argument that proclaims that public debt is no problem insofar as “we owe it to ourselves.”
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