Monthly Archives: December 2010

Government Policies Prolonged Great Depression

Harold Cole and Lee Ohanian, UCLA economists, published a landmark study in 2008 that was ignored by the media.   The two professors concluded after examining the Franklin Roosevelt New Deal policies that the federal government’s programs stifled recovery and extended … Continue reading

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No bailouts shortened depression

The Panic of 1837 was the severest depression of the 19th century.  A primary cause was the chartering of numerous banks which put more paper money into circulation through loans to finance speculation in the real estate market and infrastructure … Continue reading

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Executive Order Kills Earmarks…Somewhat

Congressional “earmarks” are very controversial because of the wasteful spending of money on pet projects by members of Congress.  On January 29, 2008, President George W. Bush signed Executive Order #13, 457 entitled, “Protecting American Taxpayers from Government Spending on Wasteful … Continue reading

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